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Competitive Advantage: Creating and Sustaining Superior Performance,New
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The essential complement to the pathbreaking book Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm.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.
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- Q: What is the main focus of 'Competitive Advantage' by Michael E. Porter? A: 'Competitive Advantage' explores the foundations of competitive advantage within individual firms, introducing the value chain concept to understand how activities contribute to a firm's success.
- Q: How does the value chain concept work in this book? A: The value chain concept disaggregates a company into discrete activities, allowing managers to analyze how these activities interact and contribute to competitive advantage.
- Q: What edition of 'Competitive Advantage' is available? A: The available edition is the Illustrated edition, published on June 1, 1998.
- Q: What is the condition of the book? A: The book is listed as 'New' and is a used book in good condition.
- Q: How many pages does 'Competitive Advantage' have? A: 'Competitive Advantage' contains 592 pages.
- Q: Who is the author of 'Competitive Advantage'? A: The author of the book is Michael E. Porter.
- Q: In what category is 'Competitive Advantage' classified? A: 'Competitive Advantage' is classified under the category of Development & Growth.
- Q: When was 'Competitive Advantage' published? A: The book was published on June 1, 1998.
- Q: What are the key themes discussed in 'Competitive Advantage'? A: Key themes include understanding cost drivers, buyer value, industry segmentation, and the relationships between a firm's activities and competitive strategy.
- Q: Is 'Competitive Advantage' suitable for business students? A: 'Competitive Advantage' is a valuable resource for business school students, providing insights into competitive strategy and its application in real-world scenarios.