Competitive Strategy: Techniques for Analyzing Industries and Competitors

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Simon and Schuster, Jun 30, 2008 - Business & Economics - 432 pages
3 Reviews
Now nearing its sixtieth 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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Review: Competitive Strategy: Techniques for Analyzing Industries and Competitors

User Review  - Mark - Goodreads

It's the standard, what is now commonly held gospel. Both my marketing professor and my microeconomics professor taught from Porter, and other books on competitive strategy seem to emphasize, recap, or elaborate on his work. Read full review

Review: Competitive Strategy: Techniques for Analyzing Industries and Competitors

User Review  - Leonard - Goodreads

Harvard professor and management consultant analyzes how countries develop capabilities to maintain or further competitiveness in the global market. The development of software engineers in Bangalore ... Read full review

Contents

Introduction
Preface
General Analytical Techniques
CHAPTER 1
Competition StructuralAnalysis
Three Generic Strategies
Stuck in the Middle
A FRAMEWORK FOR COMPETITOR ANALYSIS
Transition
Structural Determinants of Competition in Decline
Strategic Alternatives in Decline
Pitfalls in Decline
Sources and Impediments to Global Competition
Evolution to Global Industries
Strategic Alternatives in Global Industries
Strategic Decisions

Putting the Four Components TogetherThe
Types of Market Signals
CHAPTER 5COMPETITIVE M
Competitive Moves
Evolutionary Processes
Generic Industry Environments
CHAPTER
Problems Constraining Industry Development
Earlyand LateMarkets Strategic Choices
CHAPTER 11
INTEGRATION Strategic Benefitsand Costs ofVertical Integration
Particular Strategic Issues in Backward Integration
C
CHAPTER 16
Entry through Acquisition
Sequenced Entry
Bibliography
About the Author
Copyright

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About the author (2008)

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.

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