Competitive advantage: creating and sustaining superior performance

Front Cover
Free Press, 1985 - Business & Economics - 557 pages
8 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.

From inside the book

What people are saying - Write a review

User ratings

5 stars
4
4 stars
3
3 stars
1
2 stars
0
1 star
0

Review: Competitive Advantage: Creating and Sustaining Superior Performance

User 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 Performance

User Review  - Ken Davidian - Goodreads

this is a GREAT book. Read full review

Related books

Contents

Industry Structure and Buyer Needs
8
PRINCIPLES OF COMPETITIVE ADVANTAGE
31
Identifying Value Activities
39
Copyright

28 other sections not shown

Common terms and phrases

References to this book

All Book Search results »

About the author (1985)

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.

Bibliographic information