Michael Porter's Value Chain: Unlock your company's competitive advantage | Porter's Five Forces: Stay ahead of the competition | Understanding Michael Porter | On Competition | HBR's 10 Must Reads on Strategy | The Competitive Advantage of Nations | Competitive Strategy
Competitive Advantage introduces a whole new way of understanding what a firm does. 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.
Now an essential part of international business thinking, Competitive Advantage takes strategy from broad vision to an internally consistent configuration of activities. Its powerful framework provides the tools to understand the drivers of cost and a company's relative cost position. Porter's value chain enables managers to isolate the underlying sources of buyer value that will command a premium price, and the reasons why one product or service substitutes for another. He shows how competitive advantage lies not only in activities themselves but in the way activities relate to each other, to supplier activities, and to customer activities. Competitive Advantage also provides for the first time the tools to strategically segment an industry and rigorously assess the competitive logic of diversification.
That the phrases "competitive advantage" and "sustainable competitive advantage" have become commonplace is testimony to the power of Porter's ideas. Competitive Advantage has guided countless companies, business school students, and scholars in understanding the roots of competition. Porter's work captures the extraordinary complexity of competition in a way that makes strategy both concrete and actionable.
This edition also contains Mao's Road to Power: Revolutionary Writings 1912-1949 : National Revolution and Social Revolution December 1920-June 1927
About: The author shows executives how to evaluate their company's own competitive position and take action to create a sustained competitive advantage
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