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Competitive Strategy: Techniques for Analyzing Industries and Competitors Hardcover – Illustrated, June 1, 1998
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The New York Times American executives are grasping for a logic to global competition. Mr. Porter...has given them one.
Choice Few books warrant the too-common publisher's blurb "landmark." This one does. Highest recommendation.
Strategic Management Journal Represents a quantum leap...may well be one of the most important contributions to the discipline of strategic management.
Journal of Business Strategy Any manager who studies and uses the materials in this book should be able to devise more successful strategies.
Philip Kotler S.C. Johnson & Son, Distinguished Professor of International Marketing, Northwestern University Porter's books on competitive strategy are the seminal works in the field.
About the Author
- Publisher : Free Press; Illustrated edition (June 1, 1998)
- Language : English
- Hardcover : 397 pages
- ISBN-10 : 0684841487
- ISBN-13 : 978-0684841489
- Item Weight : 1.44 pounds
- Dimensions : 6.39 x 1.44 x 9.59 inches
- Best Sellers Rank: #22,328 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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The book describes a generic framework used by firms in different industries and provides direction to significant components to consider. Thus, it can be used as a backbone or reference for strategy development consideration. Bullet points are used to organize the essential information in most sections of a chapter, without leading the reader to definite conclusions and allow him to think in a multidimensional way about his industry's circumstances.
Everyone else writing on this topic after Porter is pretty much saying, "Me too". Start with the original.
This is THE seminal book for defining how businesses compete.
As technology fads and internet business models ("New economy") come and go, every company must still address the basics of competition as outlined within this book. The frameworks within the book outline:
-How to assess the competitive structure of your industry,
-Generic competitive strategies
-Effects of market signals on competitive behavior
-Competitive moves in response to your strategy
-Competitve strategy in a number of different market environments
-Impact of strategies such as Vertical integration, growth through new products, scale, and M&A
-... much more
You will use this book as a reference, and find it is timeless. It is no wonder the Mr. Porter is widely regarded as the preeminent strategist.
To put this in practice I recommend books on gaming theory.
Reading Art of War and those kinds of books gives you another kind of strategy, which is very useful in combination with the things Porter gives you. Basically, I think Porter has done a great job of "summarizing" the strategy-process, and this is why the book is fo famous, and it is also why I give it 4 and not 5 stars. With sound theory and thorough work you will get the same insights as with Porters framework, and you will also be better equipped to deal with the peculiarities in every situation. Nevertheless, many peole don't have time/the interest for more than a summary, so for them this book is great. And for the rest it's great to get through it to learn the "common language" that is prevalent in the industry of strategy and anlysis today.
Most readers have noted the value that business managers can obtain by studying the text, but I can also see a lot of value that investors analyzing industries, or an individual company's position in an industry can get out of the book.
Top reviews from other countries
Some of the examples are a little out of date, ie, they happened in the 1970s. They are still relevant as examples but could benefit from an update if more recent examples can be drawn upon.
Looking forward to putting some of the concepts into action.