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Personal Review From Customer (Unbiased)
283 of 292 folks found the subsequent review useful.
The single most vital book on business strategy
By Avinash Sharma
Michael E. Porter could be a professor at Harvard Business college and a number one authority on Strategy and Competitiveness. He did his MBA and Ph.D from Harvard. He has served as an advisor to many business and government organizations. He was additionally a founding father of the strategy and management consulting firm, Monitor cluster.
Professor Porter is best known for his landmark books that outlined the sphere of Strategy - Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980) and Competitive Advantage: making and Sustaining Superior Performance (1985). These books are should reads at the leading business faculties.
I browse Competitive Strategy (1980) for a method course. It starts with a bang. On the terribly second page of the primary chapter you'll notice the figure for the famous 5 Forces Driving business Competition. whereas Porter didn't intend this framework to be used for case interviews, in reality, this can be a awfully necessary framework to understand for the case interviews conducted by leading strategy and management consultancy corporations. All prime MBAs and anybody who has ever been employed by the simplest strategy and management consultancy corporations is aware of this framework, and has most likely browse this book. the primary chapter immediately proceeds to explaining every of the 5 forces:
1. Threat of latest entrants
2. Intensity of rivalry among existing competitors
3. Pressure from substitute product
4. Bargaining power of consumers
5. Bargaining power of suppliers
While the primary chapter alone is well worth the price of this book, i like to recommend it for the knowledge contained within the remainder of the book. The chapters are organized below 3 elements (General Analytical Techniques, Generic business Environments, and Strategic Decisions). There are many thought provoking discussions on ideas like A Framework for Competitor Analysis (Future goals, Assumptions, Current strategy, Capabilities), Market Signals and a Strategic Analysis of Vertical Integration.
This book is that the single most vital book on business strategy. it's a classic - just like the management classics of Peter Drucker. like each classic, the examples are previous (not to be confused with outdated). But, the competition HP faced for electronic calculators within the 70s, it still faces for computers these days. There are many changes within the players, technology, industries, globalization, etc, however the muse designed by Porter's masterpieces are still relevant these days.
Porter's second book Competitive Advantage (1985) introduced another necessary tool - the worth Chain. This analyzes primary activities (Inbound logistics, Operations, Outbound logistics, selling and Sales, Services) and support activities (Procurement, Technology development, Human resource management, Firm infrastructure) that corporations should analyze to form worth and competitive advantage.
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Competitive Strategy: Techniques for Analyzing Industries and Competitors [Hardcover]
Product Details Amazon Sales Rank: #4178 in Books Published on: one998-06-01 Released on: 1998-06-01 Original language: English Number of items: 1 Dimensions: 1.44" h x 6.39" w x 9.59" l, 1.40 pounds Binding: Hardcover 397 pages
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