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Now nearing its sixtieth 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.
Though the cases in Cases in Competitive Strategy may be informative when studied on their own, they are designed to be read and analyzed in combination with the companion volume, Competitive Strategy. The conceptual materials and the cases are designed to reinforce each other, showing the connection between the theory and the practice of competitive strategy formulation.
This book focuses on the actions and reactions of companies as they interact with one another and strive for advantage. Using actual data and case studies from the highly competitive airline, high technology, insurance and banking industries, the authors develop an original communication-information model which provides an effective method to explain, measure and even predict the ways in which firms compete in the marketplace. The theoretical contributions presented are backed up by a wealth of data, case studies, examples and illustrations.
Globalization has fundamentally changed the game of business. Strategic frameworks developed for the analysis of purely domestic business necessarily fall short in the international business context. Managers and business students require alternative approaches to understand and cope with these far-reaching changes. We must learn to think globally in order to succeed. Global Competitive Strategy shows how we can do this by providing a unique set of strategic tools for international business. Such tools include the 'star analysis' that allows strategy makers to integrate geographic information with market information about the global business environment. Also introduced is the 'global value connection' that shows managers how to account for the gains from trade and the costs of trade. Aimed at MBA students taking courses in international strategy, consultants and practising managers with responsibility for strategic development, this 2007 book offers a comprehensive strategic framework for gaining competitive advantage in the global marketplace.
Competitive Strategy is a key driver of industrial growth and economic development. Professor Michael Porter’s treatise, formulated in 1980, remains the only integrated work on the subject to date. While its core concepts endure, it requires the holistic incorporation of additional insights and prescriptions, based on current and future trends. This book reviews Porter’s work in the context of the global economic forces and rapid technological changes that have affected businesses and their strategies from the mid-2000s. It focuses on select aspects of competitive strategy particularly affected by such forces and develops several novel constructs to strengthen and expand the core analytical framework of competitive strategy with a futuristic perspective. The book embeds the impact of technology throughout but recognises that a more focused and detailed analysis of the same has been presented in the author’s recent companion work, Technology and Competitive Strategy: Perspectives for Innovators, Differentiators and Followers. Each of the book’s chapters is dedicated to a unique facet of competitive strategy, with novel hypotheses and constructs supported by multiple real-life examples. The book will inspire professionals, business leaders, academicians and public policy makers involved in strategy and growth to appreciate issues and solutions in a broader and a more contemporaneous industrial and economic context.
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 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.
WHARTON on DYNAMIC COMPETITIVE STRATEGY "A valuable contribution, this insightful book makes it clear thatstrategy is not a one-time search for a sustainable competitiveadvantage, but a continuous monitoring of the environment,consumers, and competitors with the object of making the rightmoves in a dynamically changing competitive landscape." -PhilipKotler S.C. Johnson & Sons Distinguished Professor ofInternational Marketing J. L. Kellogg Graduate School of ManagementNorthwestern University. "An ambitious and welcomed effort at addressing strategy from aninterdisciplinary perspective." -Professor Don Lehmann ColumbiaUniversity Graduate School of Business. "Wharton on Dynamic Competitive Strategy weaves together anunprecedented interdisciplinary analysis of competitive strategiesthat any global manager should consider indispensable reading...Animpressive book." -Jon M. Huntsman, Sr. Chairman and CEO HuntsmanCorporation. "Provocative and meaningful . . . Provides an excellent frameworkfor formulating strategy." -Sam Morasca Vice President, MarketingShell Oil Products Company. "A Rosetta stone for strategy. Read it and keep it by your side!"-Dale Moss Executive Vice President, Sales and Marketing USABritish Airways, New York The competitive challenges facing you are more complex andfast-moving than ever. This environment demands dynamic competitivestrategies-strategies that anticipate and adjust to competitors'countermoves, shifting customer demands, and changes in thebusiness world. Wharton on Dynamic Competitive Strategy offers new perspectives oncompetitive strategy from a distinguished group of faculty atWharton and other leading business schools around the world. Thisbook presents the best insights from decades of research in keyareas such as competitive strategy, simulations, game theory,scenario planning, public policy, and market-driven strategy. Itrepresents the most cohesive collection of insights on strategyever assembled by a leading school of business. Developed for the thinking manager, Wharton on Dynamic CompetitiveStrategy provides deep insights into the true dynamics ofcompetition. In contrast to popular, quick-fix formulas forstrategic success, this book provides perspectives that will helpyou better understand the underlying dynamics of competitiveinteractions and make better strategic decisions in a rapidlychanging and uncertain world. The insights and approaches presented here are illustrated withreal-world examples which demonstrate how these approaches can beapplied to your strategic challenges. These chapters will help you better address key strategic issuessuch as: * Anticipating competitors' responses using game theory,simulations, scenario planning, conjoint analysis, and othertools-and designing the best strategy in light of these expectedresponses * Planning for multiple rounds of competition in the way that chessplayers think through multiple moves * Understanding how changes in technology and public policy ormoves by competitors can undermine your current advantages orneutralize future advantages * Broadening your range of options for reacting to moves bycompetitors * Signaling and preempting rivals. This groundbreaking new book will change your view of strategy andgive you the tools you need to succeed in a dynamic and intenselychallenging world.

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