In Understanding and Managing Strategic Governance, strategic management scholars Dr. Wei Shi and Dr. Robert E. Hoskisson deliver an insightful exploration of strategic governance, which focuses on the interplay between important strategic decisions and corporate governance actors, like directors, activist investors, institutional investors, and securities analysts. The distinguished authors examine the influence of governance actors on strategic decisions and the quality of those decisions. They pay particular attention to the unintended consequences of the influence that governance actors have on strategic decisions based on their cutting-edge research and thorough survey of the latest related literature. They also provide recent examples illustrating these consequences. The short-term interests of governance actors are often not aligned with one another and, as a result, they may impose conflicting demands on corporate executives. The book provides managerial guidance on how to leverage governance actors and manage these conflicting interests to achieve long-lasting competitive advantages. You'll learn to avoid common strategic pitfalls that can harm the long-term competitiveness of large firms and how to use corporate governance actors to develop and implement your corporate, competitive, innovation, global, stakeholder, and corporate political strategies. Through a myriad of real company examples, you'll also discover how to manage a disparate group of governance actors with distinct priorities and interests. The book concludes with an incisive analysis of emerging new trends in strategic governance, as well as future research opportunities for academics in the field, and their implications for managers, regulators, and policy makers. Perfect for executives, board directors, and institutional investors, Understanding and Managing Strategic Governance is a must-read resource for anyone interested in the intersection between corporate governance and strategic decision making. This book can also be used as a textbook for strategic management and corporate governance courses.