Summary of Competitive Strategy

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Competitive Strategy book summary
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Rating

9 Overall

9 Applicability

9 Innovation

8 Style


Recommendation

This seminal book is a classic and ought to be read by anyone in business. Michael E. Porter's ideas on competitiveness have lost little relevance despite the fact that he first advanced them in this book in 1980. 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. His prose style is clear and straightforward, albeit somewhat plodding, and the book can tend to repeat itself. However, Porter's clarity is a welcome change from the murk you encounter in many other books on business strategy, and his repetition serves a useful pedagogical purpose. getAbstract highly recommends this excellent book. If you're in business, it's relevant.

In this summary, you will learn

  • What five factors influence the competitive situation in any industry;
  • How to analyze your strategic position; and
  • How to read and use market signals.
 

About the Author

Michael E. Porter is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. He has received the Wells Prize in Economics, the Adam Smith Award, three McKinsey Awards and numerous other honors.

 

Summary

Competitive Forces
A company's competitive strategy must depend on its environment, most immediately the environment of its industry.

The competitive situation in an industry is a function of five basic factors: The relative power of suppliers. The ...

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    Mrs Raza 2 years ago
    Wanted a summary of each topic individually!
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    cindy mejia 5 years ago
    disappointed and wanted a summary or key notes highlighting each chapter
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      Karen Londo 5 years ago
      Hello Cindy, thank you for your feedback. Please look for my response directly to the email address you have on file with your subscription