On Competition, Updated and Expanded Edition
by Michael E. Porter
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For the past two decades, Michael Porter's work has towered over the field of competitive strategy. On Competition, Updated and Expanded Edition brings together more than a dozen of Porter's landmark articles from the Harvard Business Review. Five are new to this edition, including the 2008 update to his classic "The Five Competitive Forces That Shape Strategy," as well as new work on health care, philanthropy, corporate social responsibility, and CEO leadership. This collection captures show more Porter's unique ability to bridge theory and practice. Each of the articles has not only shaped thinking, but also redefined the work of practitioners in its respective field. In an insightful new introduction, Porter relates each article to the whole of his thinking about competition and value creation, and traces how that thinking has deepened over time. This collection is organized by topic, allowing the reader easy access to the wide range of Porter's work. Parts I and II present the frameworks for which Porter is best known--frameworks that address how companies, as well as nations and regions, gain and sustain competitive advantage. Part III shows how strategic thinking can address society's most pressing challenges, from environmental sustainability to improving health-care delivery. Part IV explores how both nonprofits and corporations can create value for society more effectively by applying strategy principles to philanthropy. Part V explores the link between strategy and leadership. show lessTags
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Strategy strategy strategy! Got strategy? Since i started reading this book i began using the word "strategy" every day in all kinds of conversations. Porter really got to me.
The way he talks about strategy is somehow different from the other authors i've read. With this book i can feel the need for strategy, the risks are real. You either set a viable strategy and claw your way to differentiation or you die a slow death of price wars and endless efficiency optimizations that are matched by competitors almost instantly. Porter paints a gruesome picture and it made me really think.
But all that is just the beginning of the book, probably the first couple of chapters. After reading those and feeling closure i wondered what was in the show more remaining dozen chapters. He talks about all sorts of subjects: the effect of the emergence of the internet on industries, corporate strategy in terms of mergers and acquisitions, competition across locations, globalization, competition of nations, policy, philantropy, social responsibility and ends with advice for new CEOs. Man, i did not expect that i would thorougly enjoy reading about each and every one of those subjects. But i did and it was amazing. show less
The way he talks about strategy is somehow different from the other authors i've read. With this book i can feel the need for strategy, the risks are real. You either set a viable strategy and claw your way to differentiation or you die a slow death of price wars and endless efficiency optimizations that are matched by competitors almost instantly. Porter paints a gruesome picture and it made me really think.
But all that is just the beginning of the book, probably the first couple of chapters. After reading those and feeling closure i wondered what was in the show more remaining dozen chapters. He talks about all sorts of subjects: the effect of the emergence of the internet on industries, corporate strategy in terms of mergers and acquisitions, competition across locations, globalization, competition of nations, policy, philantropy, social responsibility and ends with advice for new CEOs. Man, i did not expect that i would thorougly enjoy reading about each and every one of those subjects. But i did and it was amazing. show less
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54+ Works 3,138 Members
Michael E. Porter is the C. Roland Christensen Professor of Business Administration at Harvard Business School
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