A conscious simplification of Michael Porter's classic Competitive Strategy, this book treats only one of Porter's five forces, "potential entrants." According to the authors (Value Investing), avoiding competition is the only way to escape "a level playing field in which anyone can join... [and] only the best... survive and prosper." Most of the book discusses ways to gain protected positions from which businesses can be run badly but still earn abnormal returns. Cutting prices, matching prices and using domination of one market to create a monopoly in another are all discussed; legality is mentioned only briefly and indirectly. The best of their recommendations is to find small, declining, local markets without existing competitors. Despite the title, the book seems aimed more at investors than managers. Stockholders appreciate the value of mediocre companies that generate steady, unexciting profits in local markets without much notice; they like them because the stock is cheap. Managers usually aspire to build something better, in order to make the stock expensive. Still, this book is a useful counterpoint to the idea that conflict and growth are good for their own sakes. (Aug. 18)
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Competition Demystified is superb, with a deft balance between theory and case studies that offer fascinating explanations of strategic adventures... -- The Globe and Mail
the best of the strategy books now or soon to be in the stores... direct, non-academic... occasionally funny -- New York Times --This text refers to an out of print or unavailable edition of this title.
A very good overall approac to business strategy. Some concepts became common knowledge, but it is always worthwile to read a classic like this. Good investment of time.Published 1 month ago by rodrigo magalhães
Brimming with insight, written clearly, concisely, elegantly.Published 3 months ago by Bryant Matthews
Excellent analysis. Needs to be updated to current competition dynamics in big tech. Additionally, apple's current success contradicts some of his main arguments.Published 6 months ago by Dov Goldschmidt
Carefully read the first half of this book a couple times and you can expect to deeply internalize the most general, enduring principles of analyzing competitive advantage and... Read morePublished 16 months ago by brendan
Here's a direct quote from the book:
"For the year ending September 2003, its [Apple's] sales were still down more than 40 percent from 1995 and it earned no... Read more
To establish some worth, Greenwald is correct that competition is the most important thing about business viability. Read morePublished 20 months ago by Jonathan