Competitive Strategy: Techniques for Analyzing Industries and Competitors

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Simon and Schuster, Jun 30, 2008 - Business & Economics - 432 pages
51 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  - Jordan Lewis - Goodreads

A perfect introduction to strategy. It's long, but exactly what a business school student needs to be able to talk and be heard. Read full review

Review: Competitive Strategy: Techniques for Analyzing Industries and Competitors

User Review  - Alaeddin Hallak - Goodreads

The key message in this book: If you want to be the top dog in your industry, then you're going to have to put in the time analyzing and understanding your competitors. Everything they do and ... Read full review

All 18 reviews »


General Analytical Techniques
Generic Competitive Strategies
A Framework for Competitor Analysis
Market Signals
Competitive Moves
Strategy Toward Buyers and Suppliers
Structural Analysis Within Industries
What Makes an Industry
Strategic Decisions
Capacity Expansion
Entry into New Businesses
Appendix A Portfolio Techniques
Appendix B How to Conduct an Industry Analysis

Industry Evolution
Generic Industry En vironments
About the Author

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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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