Competitive Advantage: Creating and Sustaining Superior Performance (Google eBook)
The essential complement to the pathbreaking book Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. With over 30 printings in English and translated into thirteen languages, this second volume in Porter's landmark trilogy describes how a firm actually gains an advantage over its rivals. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter's groundbreaking concept of the value chain disaggregates a company into "activities," or the discrete functions or processes that represent the elemental building blocks of competitive advantage.
Now an essential part of international business thinking, Competitive Advantage takes strategy from broad vision to an internally consistent configuration of activities. Its powerful framework provides the tools to understand the drivers of cost and a company's relative cost position. Porter's value chain enables managers to isolate the underlying sources of buyer value that will command a premium price, and the reasons why one product or service substitutes for another. He shows how competitive advantage lies not only in activities themselves but in the way activities relate to each other, to supplier activities, and to customer activities. Competitive Advantage also provides for the first time the tools to strategically segment an industry and rigorously assess the competitive logic of diversification.
That the phrases "competitive advantage" and "sustainable competitive advantage" have become commonplace is testimony to the power of Porter's ideas. Competitive Advantage has guided countless companies, business school students, and scholars in understanding the roots of competition. Porter's work captures the extraordinary complexity of competition in a way that makes strategy both concrete and actionable.
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Review: Competitive Advantage: Creating and Sustaining Superior PerformanceUser Review - Connie Siu - Goodreads
A very comprehensive discussion on strategy development. The core concepts for building competitive advantage are still relevant even though the book was published back in 1985. It serves as a great reference for anyone who is involved in strategy work. Read full review
Review: Competitive Advantage: Creating and Sustaining Superior PerformanceUser Review - Carlos E. - Goodreads
Top 5 Business Read full review
PRINCIPLES OF COMPETITIVE ADVANTAGE
COMPETITIVE SCOPE AND THE VALUE CHAIN
THE VALUE CHAIN AND ORGANIZATIONAL
STEPs IN STRATEGIC C0sT ANALYSIS
INTERRELATIONSHIPS AMONG BUsINEss UNITS
MANAGING HORIZONTAL ORGANIZATIGN
Complementary Products and Competitive
STEPS IN DIFFERENTIATION
Industry Segmentation and Competitive
THE INDUSTRY SEGMENTATION MATRIX
INDUSTRY SEGMENTATION AND INDUSTRY