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Though the are some strategist who do not totally agree with Porter, his models have been widely used and its definitely a recommended reading. A must have for every strategic management/ business/ MBA student.The book in a clear language describes the strategies a company can follow in order to create a competitive advantage. Also talks about the 5 forces, value chain and other key terms in business.
The book is timeless and is an essential reference for marketing or planning executives and employees
He covers the fundamentals of value chains, costs, differentiation, technology, substitution, synergies and more. This book demonstrates the reasons for his influence. He provides a clear, deftly written, very accessible guide to developing and implementing competitive strategy. This classic work on competition is indicative of the importance of Michael Porter's pivotal contributions to management literature. getAbstract assumes that they told you in business school to reread this frequently as a management touchstone. Porter, a professor at the Harvard Business School, is the author of 16 books, and a leading authority on competitive strategy and economic development. The book seems as fresh and relevant today as when it was first published more than a quarter-century ago. His ideas have guided economic policy worldwide, which may account for his nine honorary degrees and numerous awards.
The only caveat is the distrupting force of the internet and its effects on businesses which is not covered. The Porter trilogy: Best books on strategy ever written. Jim Kayalar is the managing director and founder of Business Tune Up. Jim Kayalar is a Certified Management Consultant with the Institute of Management Consultants USA (IMC-USA) with 20 plus years of experience in a myriad of industries. The reference manual for competitive strategy. Anybody who is in the business of formulating strategy today uses the Porter framework.
I understand what companies have to do about the creation and sostenibility of competitive advantege by this book.
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