Competitive strategy michael porter book summary

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competitive strategy michael porter book summary

Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter

Now nearing its 60th printing in English and translated into nineteen languages, Michael E. Porters Competitive Strategy has transformed the theory, practice, and teaching of business strategy throughout the world. Electrifying in its simplicity -- like all great breakthroughs -- Porters 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, Porters 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 Porters 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, Porters rich frameworks and deep insights comprise a sophisticated view of competition unsurpassed in the last quarter-century.

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HBS Michael Porter on Competitive Strategy Part 1

Access a free summary of Competitive Strategy, by Michael E. Porter and other business, leadership and nonfiction books on getAbstract.
Michael E. Porter

Competitive strategy: Techniques for analyzing industries and competitors

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.

Citation: Michael Porter Competitive strategy: Techniques for analyzing industries and competitors. Tagged: Business RSS. In this book, Michael Porter lays out his five forces which have become the cornerstone of corporate strategy and a major part of almost any MBA education. Porters five forces are:. In many ways, the five forces can be reduced a question of who will be powerful in a particular exchange.

Porter is a classic business strategy text and must reading for anybody who has a serious interest in business strategy. Like many leaders, you are there to be shot at and I find myself getting mad when I see his core ideas misrepresented and then criticised. The five forces of competition.
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Summary of Cost Leadership, Differentiation and Focus (Porter). Abstract

Michael E. The book seems as fresh and relevant today as when it was first published more than a quarter-century ago. Porter, a professor at the Harvard Business School, is the author of 16 books, and a leading authority on competitive strategy and economic development. His ideas have guided economic policy worldwide, which may account for his nine honorary degrees and numerous awards. This book demonstrates the reasons for his influence.

Michael E. This seminal book is a classic and ought to be read by anyone in business. Porter's ideas on competitiveness have lost little relevance despite the fact that he first advanced them in this book in They have now become so much a part of business practice and business language that one reads the book more with a sense of recognition than a sense of discovery. His prose style is clear and straightforward, albeit somewhat plodding, and the book can tend to repeat itself. However, Porter's clarity is a welcome change from the murk you encounter in many other books on business strategy, and his repetition serves a useful pedagogical purpose. If you're in business, it's relevant.

4 thoughts on “Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter

  1. Written in , Competitive Strategy , has formed the basis of modern strategic thinking for three decades.

  2. Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter

  3. Michael Porter Written in , Competitive Strategy, has formed the basis of modern strategic thinking for three decades. Amazon says that the.

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