Item description for Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter...
Overview Advises managers on analyzing their competitors in terms of the industry structure, forecasting trends, developing competitive strategies, and selecting new industries to enter
Publishers Description Now nearing its 60th printing in English and translated into nineteen languages, Michael E. Porter's "Competitive Strategy" has transformed the theory, practice, and teaching of business strategy throughout the world. Electrifying in its simplicity -- like all great breakthroughs -- Porter's analysis of industries captures the complexity of industry competition in five underlying forces. Porter introduces one of the most powerful competitive tools yet developed: his three generic strategies -- lowest cost, differentiation, and focus -- which bring structure to the task of strategic positioning. He shows how competitive advantage can be defined in terms of relative cost and relative prices, thus linking it directly to profitability, and presents a whole new perspective on how profit is created and divided. In the almost two decades since publication, Porter's framework for predicting competitor behavior has transformed the way in which companies look at their rivals and has given rise to the new discipline of competitor assessment. More than a million managers in both large and small companies, investment analysts, consultants, students, and scholars throughout the world have internalized Porter's ideas and applied them to assess industries, understand competitors, and choose competitive positions. The ideas in the book address the underlying fundamentals of competition in a way that is independent of the specifics of the ways companies go about competing. "Competitive Strategy" has filled a void in management thinking. It provides an enduring foundation and grounding point on which all subsequent work can be built. By bringing a disciplined structure to the question of how firms achieve superior profitability, Porter's rich frameworks and deep insights comprise a sophisticated view of competition unsurpassed in the last quarter-century.
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Studio: Free Press
Est. Packaging Dimensions: Length: 9.59" Width: 6.39" Height: 1.44" Weight: 1.35 lbs.
Release Date Jun 1, 1998
Publisher Free Press
ISBN 0684841487 ISBN13 9780684841489
Availability 21 units. Availability accurate as of Oct 28, 2016 06:17.
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More About Michael E. Porter
Michael E. Porter, one of the world's leading authorities on competitive strategy and international competitiveness, is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. In 1983, Professor Porter was appointed to President Reagan's Commission on Industrial Competitiveness, the initiative that triggered the competitiveness debate in America. He serves as an advisor to heads of state, governors, mayors, and CEOs throughout the world. The recipient of the Wells Prize in Economics, the Adam Smith Award, three McKinsey Awards, and honorary doctorates from the Stockholm School of Economics and six other universities, Porter is the author of fourteen books, among them Competitive Strategy, The Competitive Advantage of Nations, and Cases in Competitive Strategy, all published by The Free Press. He lives in Brookline, Massachusetts.
Reviews - What do customers think about Competitive Strategy: Techniques for Analyzing Industries and Competitors?
Competitive strategy May 8, 2008
This is a great tool for people in the industry, graduate students, anyone wanting to climb the corporate ladder. Read it times over and you'll find interesting points, applicable to personal career as well as corporate strategy. Straight forwward analytical set of tools.
A Timeless Business Strategy Classic Feb 2, 2008
As one of my University of Minnesota-Carlson School of Management professors once stated, "Every marketer must read at least one of Michael Porter's books." Once school was out that summer, I took my professor's advice, I read "Competitive Strategy" and continuously find myself referring back to it over and over again. It is a truly timeless wonder on competitive strategy. I recommend it as a must read by every b-school student, business owner, c-level executive, and marketing professional.
Still i didnt receive the book Dec 7, 2007
I recommand south asian to refrain from ordering books through this site because u will never receive the order.
I placed order for this book in the beginning of November now more than a month still i didnt receive the book
A Classic Apr 16, 2007
This book is perhaps the best overview of competitive strategy analysis ever written. The book together with Porter's "Competitive Advantage" and "Competitive Advantage of Nations" has remained as the model or classic work on business strategy. Although the business world has evolved significantly since 1980 when the book was published, the framework and analysis of the book is still applicable and relevant today. Therefore, this book is a "must-have" for anyone involved in Strategic Planning and Analysis since many of his concepts can easily be applied to the current economic environment, with some necessary adaptations. The framework Porter lays out is a great starting point for any analysis of industries or competitors.
The book is well written in a clear and straightforward, and easy to understand format, although sometimes I got the sense that the book can tend to repeat itself. However, the clarity of the concepts is a welcome change from some lesser textbooks you sometimes meet in many other books on business strategy, and his repetition serves to reinforce his message.
However, the rapid advances of technology mean that there is need for some adaptation of some of the concepts to take into account the changing paradigms such as the need to delight the customer with the competitor not being the centre of gravity but rather the customer. In this regard, the book has some limitations, because the competitive dimension is frequently less important than the customer element in the current environment.
Despite these weaknesses, this book provides an excellent start of how to think about competitors, as long as you keep a close look at the additional dimensions after grasping the analysis.
Comprehensive checklist Feb 17, 2007
This book is a checklist, a great checklist for anyone doing analysis on industries or companies. Porter is a hard to miss if you work in this area, so you might as well get through this book, and you'll know what everyone is talking about, and you'll also get a good framework that ensures that your analysis doesn't skip important points.
Reading Art of War and those kinds of books gives you another kind of strategy, which is very useful in combination with the things Porter gives you. Basically, I think Porter has done a great job of "summarizing" the strategy-process, and this is why the book is fo famous, and it is also why I give it 4 and not 5 stars. With sound theory and thorough work you will get the same insights as with Porters framework, and you will also be better equipped to deal with the peculiarities in every situation. Nevertheless, many peole don't have time/the interest for more than a summary, so for them this book is great. And for the rest it's great to get through it to learn the "common language" that is prevalent in the industry of strategy and anlysis today.