Porters value chain analysis by michael porter toolshero. The teaching manual, particularly, presents an excellent logic in process and shows how porter thinks through his ideas and how they help to clarify specific situations in industry. In this article which is based on a marketing analysis of michael porter s definition of competitive strategies, the confusion present in. This was followed ten years later by another big book, the competitive advantage of nations, in which he applied his ideas to whole economies. Porter s groundbreaking concept of the value chain disaggregates a company into activities, or the discrete functions or processes that represent the elemental building blocks of competitive advantage. These ideas given proper recognition should be copied.
Porters five forces competitor analysis michael porter. The author of fourteen books and recipient of the wells prize in economics, he lives in brookline, massachusetts. Michael porters book, competitive strategy, forms the basis for much of what is taught in a modern business strategy course in an mba program. This biography profiles his childhood, career, academic contribution, works, life, achievements and timeline. In his book competitive advantage 1985, michael porter explains value chain analysis. He played college basketball for the missouri tigers.
This book is the foundation that positioning theory has been built on, but its about time that this thinking was developed. Use features like bookmarks, note taking and highlighting while reading competitive strategy. Michael porter introduced the concept of the value chain that breaks down a company into activities or the discrete functions or processes that represent the elemental building blocks of competitive advantage. Michael eugene porter received a bse with high honors in aerospace and mechanical engineering from princeton university in 1969, where he graduated first in his class and was elected to phi beta kappa and tau beta pi. Techniques for analyzing industries and competitors by michael e. Bbc learning english the handy guide to the gurus of. For some readers, porters books are too professional to read and understand. Find all the books, read about the author, and more. Michael porter is an economist, researcher, author, advisor, speaker and teacher. Techniques for analyzing industries and competitors in 1980. Porter and explore their bibliography from s michael e. Harvard business school professor and creator of an approach to corporate strategy called the five forces framework. Porter and 20000 other business, leadership and nonfiction books. Translations of the book in mainland china 1997 or into czech, slovak, hungarian, polish, or ukrainian would have been unthink able in 1980.
Additional information may be found at the website of the institute for strategy and competitiveness. Porter, is a critical examination of the dogeatdog international economy. The essential complement to the pathbreaking book competitive strategy, michael e. Michael e porter books list of books by michael e porter. Michael porter is the author of 18 books and numerous articles including competitive strategy, competitive advantage, competitive advantage of nations. A harvard business school professor, porter is one of the most respected and innovative economists of his time. These books are must reads at the leading business schools. Written in 1980, competitive strategy, has formed the basis of modern strategic thinking for three decades.
Michael eugene porter born may 23, 1947 is an american academic known for his theories. Enduring ideas and new opportunities professor michael e. In 1983, professor porter was appointed to president reagans commission on industrial competitiveness, the initiative that triggered the competitiveness debate in america. Preface, introduction, and links to chapter summaries 116. Porter s 1980 book competitive strategy has received a great deal of attention in the strategic management literature. Jun 30, 2008 porters concept of clusters, or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. This book describes how a firm can gain a cost advantage or how it can differentiate itself. I recently looked at books on strategy in the amazon lists and found that of the top 20 selling books only one had some new ideas on strategy. Techniques for analyzing industries and competitors export by porter, michael e. Michael porters book, competitive strategy, forms the basis for much of what is. Competitive advantage introduces a whole new way of understanding what a firm does. May 20, 20 michael porter has been widely recognized for his work. Most of what we treat as having significance in the field can be traced to one of porter s publications. These publications are all bestselling books and have made michael porter worldfamous in the field of competitive strategy.
Discount prices on books by michael e porter, including titles like hbrs 10 must reads on strategy for healthcare featuring articles by michael e. Feb 14, 20 michael porter is famous for his idea of competitive strategy. This time, our intern and exdeloitte dreamboat preeti read michael porter s book on competition and took the time to let you know how she felt about it. For years, excerpts from that and other porter works have been required reading. After several decades of development, the role of general managers versus spe cialists was becoming better defined. These two questions are the focus of porter s books. The sixforce model expands on harvard business school professor michael porter s fiveforce. The 11 best books for the business strategy master on your. Author michael porter introduces one of the most powerful competitive tools yet developed. His theories are widely used in most business schools and companies in the world.
The book was voted the ninth most influential management book of the 20th century in a poll of the fellows of the academy of management. These are known as porters three generic strategies and can be applied to any size or form of business. The model of the five competitive forces was developed by michael e. Porter s farst book competitive strategy, published in 1980, is an exhaustive look at strategy. On competition, a collection of works by michael e.
The five generic strategies were formulated by michael porter in 1980. Techniques for analyzing industries and competitors is all about the strategy. Creating and sustaining superior performance, and more on. Michael porter is the bishop william lawrence university professor, based at harvard business school, this is one of the highest professional recognitions that can be awarded to a harvard faculty member. Porter s groundbreaking concept of the value chain disaggregates a company into activities, or the discrete. This book is a masterpiece of contemporary management. Techniques for analyzing industries and competitors 1980. Professor porter is best known for his landmark books that defined the field of strategy competitive strategy. His context is the world of the late 1970s, but the. Techniques for analyzing industries and competitors. University of illinois at urbanachampaigns academy for entrepreneurial leadership historical research reference in entrepreneurship. It provides an enduring foundation and grounding point on which all subsequent work can be built. Without knowledge of competitive basis, some porters description in his book is hard to be managed.
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. It is still a great book to read though the recent bankruptcy of michael porter s company, monitor group, has someone tarnised. The book competitive advantage describes how a firm can gain an advantage over its rivals. Porter 1980, hardcover at the best online prices at ebay.
Every firm is a collection of activities that are performed to design, produce, market, deliver, and support its product. Porter s competitive advantage explores the underpinnings of competitive advantage in the individual firm. Porter wrote in 1980 that strategy targets either cost leadership, differentiation, or focus. Understand the five forces that affect profitability and analyze each force in depth in relation to your company. Programme 12 michael porter page 2 of 8 minded manager. Porter bishop william lawrence university professor biography michael e. Michael porter, indisputably one of the most influential thinkers on management and competitiveness in the world laid the groundwork for strategic positioning in 1980 with his book competitive strategy in which he presented his five forces model.
He also received the graham and dodd award of the financial analysts federation in 1980. Competitive strategy techniques for analyzing industries and competitors. Published june 1st 1998 by free press first published october 1st 1980. Techniques for analyzing industries and competitors kindle edition by porter, michael e download it once and read it on your kindle device, pc, phones or tablets.
Roland christensen professor of business administration at the harvard business school. They have now become so much a part of business practice and business language that one reads the book more with a sense of recognition than a sense of discovery. Porter s most popular book is competitive strategy. It covers a big number of topics in the modern strategy science. Everyone will certainly benefit from the book reading.
His book competitive strategy was first published in 1980 and quickly became required reading on many business studies and mba programmes around the world. Use the link below to share a fulltext version of this article with your friends and colleagues. Stay ahead of the competition this book is a practical and accessible guide to understanding and implementing porter s five forces, providing you with the essential information and saving time. All these activities can be represented using a value chain. Michael porters competitive advantage and business history.
Amazon says that the book is now in its 60th edition and has been translated into 19 languages. The collection also includes the digital edition of the popular understanding michael porter. The table below is a shorthand way of referring to what porter has to say. Techniques for analyzing industries and competitors hardcover june 1, 1998. Read competitive strategy techniques for analyzing industries and competitors by michael e. Now nearing its sixtieth printing in english and translated into nineteen languages, michael e. Porter lays a foundation for understanding an industry at a macro level. Throughout his career at harvard business school, he has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic. Michael porter biography michael porter is an economist, researcher, author, advisor, speaker and teacher. Techniques for analyzing industries and competitors 1980, by michael e.
Here porter claims that competitive strategy is the search for a favorable. The value chain from competitive advantage, by michael porter. Since that time the five forces tool has become an important method for analyzing an. Alem disso, ele apresenta uma nova perspectiva em relacao a como o lucro e criado e dividido. For three decades, michael porters competitive strategy has been the starting point. Michael porter s competitive advantage and business history robert e. Author of 15 books, he advises key elected officials and business leaders in all parts of the world. Porter claimed that a company must only choose one of the three or risk that the business would waste precious resources. Techniques for analyzing industries and competitors 1980 and competitive advantage. Michael e porter presents the comprehensive framework of analytical techniques to help a firm analyze its industry as a whole and predict the industrys future evolution, to. His book competitive strategy is widely seen as the founding publication of business strategy. It describes how the choice of competitive scope, or the range of a firms activities, can play a powerful role in determining competitive advantage.
Free press, 1980, 396 competitive advantage, by michael e. Building on his competitive strategy lj 10180 and competitive advantage lj 3186, which dealt with competition among companies, porter here presents a new theory to explain global success. Michael porter has been widely recognized for his work. After initially graduating in aeronautical engineering, porter achieved an economics doctorate at harvard, where he was subsequently awarded university professorship, a. Michael porter s father was a civil engineer and georgia tech graduate who had gone on to a career as an army officer. In general, the strategy can be offensive or defensive with respect to competitive forces. Porter harvard business school 14th annual rotman school. Porter s books overflow with ideas which cry out to be borrowed and put to further use.
Defensive strategies take the structure of the industry as given, and position the. Porter is available at in several formats for your ereader. Dec 05, 2015 the 11 best books for the business strategy master on your christmas list. Porter is a leading authority on competitive strategy, the competitiveness and economic development of nations, states, and regions, and the application of competitive principles to social problems such as health care, the environment, and corporate responsibility. You will not regret owning this book, full of lessons on business and life. Michael porters generic strategies porters fiveforces model describes strategy as taking actions that create defendable positions in an industry. Michael porter s competitive advantage and business history. The five generic strategies were formulated by mic. Understanding michael porter joan magretta soundview book. As a result of these two major works, as well as his numerous articles, michael porter has. In part ii, porter discusses competitive strategy within various generic industry environments, such as fragmented industries with no real market leader, emerging industries ecommerce and internet are excellent examples, although not mentioned in this book as it was written in 1980, mature industries, declining industries, and global.
The value chain also known as porters value chain analysis is a business management concept that was developed by michael porter. Understanding how your company positions itself in the marketplace is challenging, but understanding porter s five forces make it much clearer to know whats happening on the market and what changes can affect your life. There are two basic types of competitive advantage. Michael porters book competitive advantage won the george r. Porters ideas on competitiveness have lost little relevance despite the fact that he first advanced them in this book in 1980.
Michael porter biography childhood, life achievements. Michael porters competitive strategy addresses major questions of vital concern to managers, and. A design used to show how companies or industries are affected by external factors. These two questions are the focus of porters books. Throughout his career at harvard business school, he has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic development, political competition, the environment, and. Competitive strategy has filled a void in management thinking. This article, based on a recent interview with michael porter, assesses his contribution to the development of the discipline in the context of the advances that have taken place since the. The case book provides details for most of the excellent examples which porter uses in the other two books. Wells prize in economics 1973 for his research in industrial organization. Michael porter is the author of famous management books such as competitive strategy 1980, competitive advantage 1985, competition in global industries 1986 and the competitive advantage of nations 1990.
Michael porter is professor at the institute of strategy and competitiveness at harvard business school and a recognised authority on competition and competitive strategy. Techniques for analyzing industries and competitors, and competitive advantage. Michael porter s book competitive advantage won the george r. Everyday low prices and free delivery on eligible orders. Apr 01, 2002 one suspects that there is not only more to come from michael porter, but also that it will be wholly consistent with what he has said in the past.
373 639 694 356 116 493 1325 321 451 684 559 1108 738 841 66 582 158 954 205 472 1353 748 473 183 72 1431 44 528 589 680 952 221 1040 995 207 549 1239 530 650 1280 90 191 292 778 554 228 239