competitive strategy: techniques for analyzing industries and competitors ebook

Why do people in strategy spend their time trying to explain what has already been explained better than anyone else? The book addresses major questions of vital concern to managers, and presents a comprehensive set of analytical techniques for understanding a business and the behavior of its competitors. Studied Porter back at uni and I was pleased to find this book that developed over points that I had learned whilst not being too overwhelming . Competitive strategy, then, not only responds to the environment but also attempts to shape that environment in a firm's favor. Economies of scale refer to declines in unit costs of a product (or operation or function that goes into producing a product) as the absolute volume per period increases. Author (s): Michael E. Porter. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. For example, scale economies in production, research, marketing, and service are probably the key barriers to entry in the mainframe computer industry, as Xerox and General Electric sadly discovered. After reading it, I just realized that every modern marketing text book I have read (I'm a marketing major) is actually based on this one. As Adam Smith is to economics and capitalism, Porter is to business strategy within this market system. The threat of entry into an industry depends on the barriers to entry that are present, coupled with the reaction from existing competitors that the entrant can expect. Loved it. Techniques for Analyzing Industries and Competitors. Forces outside the industry are significant primarily in a relative sense; since outside forces usually affect all firms in the industry, the key is found in the differing abilities of firms to deal with them. The presence of rates of return higher than the adjusted free market return serves to stimulate the inflow of capital into an industry either through new entry or through additional investment by existing competitors. Competition in this broader sense might be termed extended rivalry. Reviewed in the United States on December 3, 2016. Furthermore, he developed analyzing tools step by step to examine a branch on the basis of practical examples. For example, even a company with a very strong market position in an industry where potential entrants are no threat will earn low returns if it faces a superior, lower-cost substitute. 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. Investors will not tolerate returns below this rate in the long run because of their alternative of investing in other industries, and firms habitually earning less than this return will eventually go out of business. This along with Competitive Advantage are maybe the top business books of my generation. Where are the new ideas in Business Strategy, Reviewed in the United Kingdom on March 19, 2013. Not all industries have the same potential. Reviewed in the United States on February 17, 2007. Now nearing its sixtieth printing in English and translated into nineteen languages, Michael E. Porter's, Competitive Advantage: Creating and Sustaining Superior Performance, On Competition (Harvard Business Review Book), Understanding Michael Porter: The Essential Guide to Competition and Strategy, Porter's Five Forces: Understand competitive forces and stay ahead of the competition (Management & Marketing Book 1), Competitive Advantage of Nations: Creating and Sustaining Superior Performance, Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant, Playing to Win: How Strategy Really Works. To get the free app, enter your mobile phone number. Please try again. Structural analysis is the fundamental underpinning for formulating competitive strategy and a key building block for most of the concepts in this book. A challenging, interesting, and engaging book with a plethora of information related to positioning and related considerations. Classic book! Please try again. Because we will be in a better position to treat these issues once the basic concept of structural analysis has been introduced, we will assume initially that industry boundaries have already been drawn. There was an error retrieving your Wish Lists. The extreme case of competitive intensity is the economist's perfectly competitive industry, where entry is free, existing firms have no bargaining power against suppliers and customers, and rivalry is unbridled because the numerous firms and products are all alike. Firms will each have unique strengths and weaknesses in dealing with industry structure, and industry structure can and does shift gradually over time. There's a problem loading this menu right now. Structural Determinants of the Intensity of Competition. It also analyzes reviews to verify trustworthiness. The 13-digit and 10-digit formats both work. Companies diversifying through acquisition into the industry from other markets often use their resources to cause a shake-up, as Philip Morris did with Miller beer. Scale economies can be present in nearly every function of a business, including manufacturing, purchasing, research and development, marketing, service network, sales force utilization, and distribution. These will be discussed in turn. This book is the foundation that positioning theory has been built on, but it's about time that this thinking was developed. The presence of rates of return higher than the adjusted free market return serves to stimulate the inflow of capital into an industry either through new entry or through additional investment by existing competitors. Structural analysis is the fundamental underpinning for formulating competitive strategy and a key building block for most of the concepts in this book. quick and fast. Let us adopt the working definition of an industry as the group of firms producing products that are close substitutes for each other. I'm very impressed, this is the original. Economies of scale deter entry by forcing the entrant to come in at large scale and risk strong reaction from existing firms or come in at a small scale and accept a cost disadvantage, both undesirable options. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Economies of scale refer to declines in unit costs of a product (or operation or function that goes into producing a product) as the absolute volume per period increases. The goal of competitive strategy: to find a position in the industry where the company can best defend itself against competitive forces or can influence them Customers, suppliers, substitutes, and entrants are all “competitors” to firms in the industry Being the lowest cost producer and being truly differentiated are rarely compatible. This book is a great tool to start getting deep knowledge n Competitive strategy. In 1983, Professor Porter was appointed to President Reagan's Commission on Industrial Competitiveness, the initiative that triggered the competitiveness debate in America. This chapter will be concerned with identifying the key structural features of industries that determine the strength of the competitive forces and hence industry profitability. Please try again. Your recently viewed items and featured recommendations, Select the department you want to search in, Competitive Strategy: Techniques for Analyzing Industries and Competitors. Free Press; Illustrated edition (June 30, 2008), Reviewed in the United States on January 8, 2019. This chapter will be concerned with identifying the key structural features of industries that determine the strength of the competitive forces and hence industry profitability. New York: Free Press, 1980. The goal of competitive strategy for a business unit in an industry is to find a position in the industry where the company can best defend itself against these competitive forces or can influence them in its favor. Michael E. Porter, one of the world's leading authorities on competitive strategy and international competitiveness, is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. Porter's writing is clear and direct. Electrifying in its simplicity -- like all great breakthroughs -- Porter's analysis of industries captures the complexity of industry competition in five underlying forces. At least in terms of real application. In practice there is often a great deal of controversy over the appropriate definition, centering around how close substitutability needs to be in terms of product, process, or geographic market boundaries. Reviewed in the United States on December 3, 2016. Recommend these for students. Does this book contain quality or formatting issues? Even with no substitutes and blocked entry, intense rivalry among existing competitors will limit potential returns. Reviewed in the United Kingdom on March 29, 2015. Competition in an industry continually works to drive down the rate of return on invested capital toward the competitive floor rate of return, or the return that would be earned by the economist's "perfectly competitive" industry. Michael Porter's Competitive Strategy is the definitive work on the subject of "competitive strategy," the hottest new concept in American business today. I recommend all of his works for the reader who truly wants to understand strategy and competitive advantage. Enjoying it so far. Porter's writing is clear and direct. Reviewed in the United States on November 20, 2002. If barriers are high and/or the newcomer can expect sharp retaliation from entrenched competitors, the threat of entry is low. Competition in an industry continually works to drive down the rate of return on invested capital toward the competitive floor rate of return, or the return that would be earned by the economist's "perfectly competitive" industry. Although such factors may have tactical significance, the focus of the analysis of industry structure, or "structural analysis," is on identifying the basic, underlying characteristics of an industry rooted in its economics and technology that shape the arena in which competitive strategy must be set. Studied Porter back at uni and I was pleased to find this book that developed over points that I had learned whilst not being too overwhelming . There was a problem loading your book clubs. The other 19 were reviews of previous work or how to implement strategy. After reading it, I just realized that every modern marketing text book I have read (I'm a marketing major) is actually based on this one. The book is the epitome of competitive strategies. How could this book get anything less than 5 stars? A comprehensive guidance for strategy formulation. For example, fluctuations in economic conditions over the business cycle influence the short-run profitability of nearly all firms in many industries, as can material shortages, strikes, spurts in demand, and the like. Step-by-step, Porter provides the techniques and tools managers need to successfully conduct an industry and competitor analysis. Understanding these sources will also prove to be useful in considering areas for diversification, though the primary focus here is on strategy in individual industries. With his works, he has made economics, at all levels of analysis (micro, macro) clear and understandable for the interested reader. In the steel industry the key forces are foreign competitors and substitute materials. Great theory, need some time to absorb and to apply it to my situations. Does this book contain quality or formatting issues? Read this book using Google Play Books app on your PC, android, iOS devices. 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. There's a problem loading this menu right now. Although the relevant environment is very broad, encompassing social as well as economic forces, the key aspect of the firm's environment is the industry or industries in which it competes. The book itself s very amazing and the best book on strategy from the masters himself. In the ocean-going tanker industry the key force is probably the buyers (the major oil companies), whereas in tires it is powerful original equipment (OEM) buyers coupled with tough competitors. The strength of the competitive forces in an industry determines the degree to which this inflow of investment occurs and drives the return to the free market level, and thus the ability of firms to sustain above-average returns. Michael Porter's "Competitive Strategy" addresses major questions of vital concern to managers, and presents a comprehensive set of analytical techniques for undestanding a business and the behaviour of its competitors. It was a great delivery. Michael E. Porter. The book itself s very amazing and the best book on strategy from the masters himself. Reads fresh and easy to follow. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Only good for advance strategies. Where are the new ideas in Business Strategy, Reviewed in the United Kingdom on March 19, 2013. The underlying structure of an industry, reflected in the strength of the forces, should be distinguished from the many short-run factors that can affect competition and profitability in a transient way. 3 Book Review: Competitive Strategy Techniques for Analyzing Industries and Competitors The fifth force is the bargaining power of suppliers. With his works, he has made economics, at all levels of analysis (micro, macro) clear and understandable for the interested reader. Use features like bookmarks, note taking and highlighting while reading Competitive Strategy: Techniques for Analyzing Industries and Competitors. Doesn’t give anything incremental to what you learnt from your MBA days. Reviewed in the United States on February 17, 2007. Highlight, take notes, and search in the book, In this edition, page numbers are just like the physical edition, Due to its large file size, this book may take longer to download. Read with the free Kindle apps (available on iOS, Android, PC & Mac), Kindle E-readers and on Fire Tablet devices. In this book, you will learn topics such as as those in your book plus much more. You are listening to a sample of the Audible narration for this Kindle book. Read with the free Kindle apps (available on iOS, Android, PC & Mac), Kindle E-readers and on Fire Tablet devices. The strength of the competitive forces in an industry determines the degree to which this inflow of investment occurs and drives the return to the free market level, and thus the ability of firms to sustain above-average returns. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. New entrants to an industry bring new capacity, the desire to gain market share, and often substantial resources. Even with no substitutes and blocked entry, intense rivalry among existing competitors will limit potential returns. Do you believe that this item violates a copyright? The other 19 were reviews of previous work or how to implement strategy. Read Online Competitive Strategy Techniques For Analyzing Industries And Competitors Competitive Strategy Techniques For Analyzing Industries And Competitors When people should go to the ebook stores, search inauguration by shop, shelf by shelf, it is truly problematic. Scale economies can be present in nearly every function of a business, including manufacturing, purchasing, research and development, marketing, service network, sales force utilization, and distribution. Unable to add item to List. Great read. Your recently viewed items and featured recommendations, Select the department you want to search in, Competitive Strategy: Techniques for Analyzing Industries and Competitors. Is your complete guide to competitive strategy by Porter, Michael E. Porter of entry is low, we ’! App to scan ISBNs and compare prices prime members enjoy free Delivery and access... Other 19 were reviews of previous work or how to implement strategy impressed, is!, read about the author, and CEOs throughout the world Kindle books edition ( June,. Exactly the right version or edition of a book, stay away t give incremental... On March 19, 2013 March 29, 2020 MBA days your smartphone, tablet or. 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