Competitive Advantage: Creating and Sustaining Superior Performance

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Free Press, Jan 1, 1985 - Competition - 557 pages
10 Reviews

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 countlesscompanies, 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 Performance

User Review  - Sean - Goodreads

If they were ever relevant, this book's theories are almost completely outdated and misleading now. Still the core concepts are useful to understand, because they've been drilled into the heads of ... Read full review

Review: Competitive Advantage: Creating and Sustaining Superior Performance

User Review  - يوسف زهدى - Goodreads

"A very good and will structured strategy book, I'd give it 5 stars except for the too much details it includes that turns it to be more of an academic reference than a practical book" Read full review

Contents

Industry Structure and Buyer Needs
8
PRINCIPLES OF COMPETITIVE ADVANTAGE
31
Identifying Value Activities
39
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About the author (1985)

Michael E. Porter is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. The author of fourteen books and recipient of the Wells Prize in Economics, he lives in Brookline, Massachusetts.

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