Competitive Strategy
Book description
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.…
Why read it?
2 authors picked Competitive Strategy as one of their favorite books. Why do they recommend it?
Porter’s five forces have been around a long time–and they’re an important and timeless framework for strategy.
It helps companies focus on where to improve as they look to dominate a market, understanding the ecosystem of competitive threats, entrants, and substitutes.
By understanding what contributes to your pricing power and knowing your stance in different environments, leaders will learn to discern what your pricing power is and how to build and maintain it over time.
From Jeet's list on make an impact in your organization through pricing.
Porter, the strategy guru from Harvard Business School, created the field of competitive analysis, out of which we grew my field of competitive intelligence. This book is the “bible” for every manager out there looking to understand where risks and opportunities come from, and how to take advantage of both (risks can be as profitable as opportunities if you learn of them earlier than others). Over the years, academics and consultants attempted to poke holes in Porter’s basic analysis frameworks to no avail. It remains the only surviving framework used by strategic planners worldwide and outlasted fads and buzz words…
From Benjamin's list on how to avoid making dumb decisions in your job.
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