Competitive Strategy: Techniques for Analyzing Industries and Competitors

Competitive Strategy Techniques for Analyzing Industries and Competitors Now nearing its th printing in English and translated into nineteen languages Michael E Porter s Competitive Strategy has transformed the theory practice and teaching of business strategy through

  • Title: Competitive Strategy: Techniques for Analyzing Industries and Competitors
  • Author: Michael E. Porter
  • ISBN: 9780684841489
  • Page: 485
  • Format: Hardcover
  • Now nearing its 60th 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 underNow nearing its 60th 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.

    One thought on “Competitive Strategy: Techniques for Analyzing Industries and Competitors”

    1. I liked this book a lot relative to something most people would find dry and uninteresting. For anyone curious about how industries are structured and how that relates to the strategy they should adopt I would highly recommend this book.The book is slightly dated by its mention of "microcomputers" along with other now extinct technologies and companies. However, the basic principal's still apply. If Michael Porter's work was not still relevant to managers and industry executives, business profes [...]

    2. 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, India is an excellent example of how a region can carve out a niche in the global market. Another example is high-end fashion in Italy. In this era of hyper-competition, countries must look ahead and develop those skills and capabilities that would position it in a place of advantage.

    3. Xây dựng một chiến lược cạnh tranh đòi hỏi nhiều số liệu, phân tích tinh vi và cả những dự đoán.Trước khi tiếp xúc cuốn này, chỉ biết vài mô hình chiến lược cơ bản là Đường Giá Trị từ cuốn đại dương xanh, Ma Trận BCG, Ma Trận Mc Kinsey. Còn ý tưởng chủ đạo của cuốn này xoay quanh 5 ÁP LỰC CANH TRANH và 3 CHIẾN LƯỢC CƠ BẢN (khác biệt hóa, chi phí thấp, tập trung chi phí hay tập tru [...]

    4. Michael Porter's book, Competitive Strategy, forms the basis for much of what is taught in a modern Business Strategy course in an MBA program. Porter lays a foundation for understanding an industry at a macro level. How is the industry structured? With few or many competitors, similarly sized or varied? Understanding the 'lay of the land' for an industry using Porter's framework provides a good schematic of the 'spaces' occupied by different firms. Clusters of firms that target the same custome [...]

    5. This is probably the best business book I have read. Although it was written over 30 years ago, nearly all of Porter’s points about analyzing industries are still relevant today. Because he establishes a foundational structure at a high enough level, in many cases it seems timeless. Many of the points Porter makes seem obvious at first, but he backs up each assertion with specific examples and he outlines topics in such a structural manner that everything makes sense and fits together to build [...]

    6. Porter is the gold standard for MBA courses on Strategy. It's a very general book and it teaches you how about how to analyze different businesses depending on what their rivals, industry and market is doing, etc. For example, in looking at competitors, you would think about what their risks are, what their financial goals are , any economic/non-economic organizational values, what kind of managers are in their leadership ranks, etc - things that make them tick. This book teaches you how to thin [...]

    7. Brilliant and comprehensive! A must read for consultants and managers to learn the basic strategies of business and avoid common pitfalls that seem common sense but give you much wisdom only in hindsight after having make the mistakes (if you haven't read about them already).The book is an easy read but takes it will take time if you want to internalize well. But that time invested will hopefully be worth it! The examples are obviously dated but the concepts are perfectly applicable even today.

    8. Книга посвящена более подробному разбору знаменитой модели конкурентных сил Портера. В отличии многочисленных книг по стратегическому менеджменту, похожих одна на другую, эта книга, не смотря на сложный язык и схожесть многих затрагиваемых моментов, будет в разы полезне [...]

    9. The value of the insight and research in this book readily apparent. The microeconomic approach applied to the firm strategy level defines the industry approach to competitive strategy. Furthermore, Porter illustrates the use of his own tools and others' in order to analyse an industry, firm, and opportunities. That being said, the exact same knowledge can be gained from a short strategy textbook, with more rigorous proof and contemporary examples. This book is best left to those who want to und [...]

    10. I think that reading this book is essential for executives and entrepreneurs. The most important concepts in my option that you can learn from it are:- The five forces of an industry: You will learn how to analyse and understand an industry to then position your company, and create a strategy that can help you win.- The 3 general competitive strategies: cost leadership, differentiation and focus (niche).- How to analyse a competitor moves.

    11. I used to believe Innovator's Dilemma was the business book, but this one beats every business book. It covers pretty much every situation about any company. While this teaches you the basic principles of business landscape, the concept was too level to apply to your daily business decision making. I would like to read more of his application books.

    12. The foundation for academic corporate stategy literature. Porter's 5 forces framework have served Its purpose for over 30 years both in theory and practice. Recommend both for business students to get an entry level understaning, but also more seasoned leaders looking to reflect on their business experiences.

    13. Strategies even today its applicable. Porter worked on all aspects from Brand strategy to Improving the product line-ups. Simple strategy which gives huge value to our company, employees and end users. Kudos to the author who worked on extensively in these areas.

    14. Versatile descriptions about companies and it's industries. Strategies to be considered, weighing the pros and cons of every strategy. Though sometimes stuff repeat often, but it only helps in reinforcing the concepts.

    15. An exhaustive analysis of competitive dynamics and strategies available in the competitive arena Personally found it a little overwhelming but hopefully, I will be able to better comprehend the book's central message with multiple readings.

    16. The best business book I know of. It's the business bible. Comprehensive and concise. He gets his points across with plain English. No more, no less words. One of the few books that I read "Appendix" page by page. Most of the concepts are general, but he backs up with comprehensive examples and reasoning. The book is structured and organized in a way that one can easily go back and reference it. Clear sections and heading, summary, bullet points. 1st read for me is bit overwhelming. I certainly [...]

    17. The classic text - now over 30 years old - on industry analysis as the basis for deliberate organisational strategy. Porter's focus on industry structure as the primary basis for understanding competition has been challenged by authors (notably Prahalad and Hamel) who focused on an organisation's strategic capabilities (and asked whether they were valuable, rare, inimicable and non-appropriable).Porter's focus on deliberate strategy has been challenged by Mintzberg who introduced emergent strate [...]

    18. 26 years later it's become a classic, and rightly so. Porter writes a comprehensive analysis of competitive strategy. He was apparently the first to write a comprehensive guide (in business), and thus provided a breakout point from previously static analysis. Though completely dry, his book is comprehensive and quite concise. He gets his points across without a lot of graphs. His examples are still familiar and illustrate his points efficiently. This book is a good reference, with easy sections [...]

    19. Probably the strategy book I refer to most often. Full of excellent techniques, simply presented and very readable. It's not full of silver bullets and recognizes the human element in making choices about what businesses should do. I like that I can pick it up and put it down, and it's not trying to sell me something.

    20. 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 everything they say can give you insights into how to anticipate their moves and get an edge on the competition.

    21. I rate this book with FIVE stars because this book has changed me a lot in terms of profession as I switched from a Production Engineer to Consultant with this book and two others Porter's books as my reference. He has put clearly the fundamental concept of industry attractiveness with his phenomenal and legendary Five Forces known widely by business men an MBA students. It's an amazing book!

    22. read about three quarters of this book. Very comprehensive account about how companies can achieve competitive advantage. A lot of the information and data recommended to be collected in order to make decisions appears almost unattainable. In that respect, it's more useful as a guide and for ideas than a bible. However the fundamentals have stood the test of time. A classic.

    23. While the core concepts are important and I can understand why Porter's 5 Forces are such an integral part of business education, the actual book turned out the be excruciating. It doesn't help that the industries and examples are now decades old, but this is one of the first books in a long time I willfully and guiltlessly stopped reading.

    24. This is one of those books that you have to read if you're to take yourself as a business person seriously. If you haven't gone to b-school and already studied this extensively then you should. Thinking about the market, buyers, sellers and competitors this way, particularly if you are doing something new could not be more important. A true 5 star must read.

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