On Competition, Updated and Expanded Edition |  | Author: Michael E. Porter
Publisher: Harvard Business School Press
Category: Book
List Price: $39.95
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Rating:  8 reviews
Sales Rank: 48577
Media: Hardcover
Edition: Upd Exp
Pages: 576
Number Of Items: 1
Shipping Weight (lbs): 2.3
Dimensions (in): 9.3 x 6.1 x 1.9
ISBN: 142212696X
Dewey Decimal Number: 382.1042
EAN: 9781422126967
ASIN: 142212696X
Publication Date: September 1, 2008
Availability: Usually ships in 1-2 business days
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Product Description
For the past two decades, Michael Porter's work has towered over the field of competitive strategy. On Competition, Updated Edition brings together more than a dozen of Porter's landmark articles from the Harvard Business Review. Five are new to this edition, including the 2008 update to his classic "The Five Competitive Forces That Shape Strategy," as well as new work on health care, philanthropy, corporate social responsibility, and CEO leadership. This collection captures Porter's unique ability to bridge theory and practice. Each of the articles has not only shaped thinking, but also redefined the work of practitioners in its respective field. In an insightful new introduction, Porter relates each article to the whole of his thinking about competition and value creation, and traces how that thinking has deepened over time. This collection is organized by topic, allowing the reader easy access to the wide range of Porter's work. Parts I and II present the frameworks for which Porter is best known frameworks that address how companies, as well as nations and regions, gain and sustain competitive advantage. Part III shows how strategic thinking can address society's most pressing challenges, from environmental sustainability to improving health-care delivery. Part IV explores how both nonprofits and corporations can create value for society more effeapplying strategy principles to philanthropy. Part V explores the link between Strategy and Leadership
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| Customer Reviews:
Showing reviews 1-5 of 8
 On the Social Science of Business June 18, 2009
R. Keeler Cox (Warren, OH USA)
11 out of 11 found this review helpful
This is a big ol' book - not just by volume, but by scope - and somewhere between Parts I (on developing strategy at the individual business level) and II (on the competitiveness of locations) it dawned on me that On Competition bears similarities to On Liberty, On Democracy in America, and On Human Nature*.
Like those classic tomes, this, too, cuts across disciplinary lines, tackles big subjects, and offers powerful insights into a wide variety of social problems.
Mr. Porter's been called "the world's most important business thinker" but, as I kept learning while reading Parts III and IV, his work touches on more than just business. His own big subjects are value creation and competition; the frameworks he's developed over the years have practical implications for organizations of all kinds. (think of government and non-government organizations)
You don't need to be a social scientist to understand the work. You *do* need to have a taste for academic-style writing and argument - and it no doubt helps if you enjoy diagrams, activity maps, data tables, matrices, and other sorts of inserts. You should also have more than a passing interest in the interplay between business and society. If that's 'you', you'll find the articles in On Competition richly rewarding.
Maybe now more than ever. I think the book's most important message is that competition has the "staggering power to make things better - both for companies and for society." What better time than the midst of an economic crisis to learn that?
*by John Stuart Mill, Alexis de Tocqueville, and E.O. Wilson, respectively
A Must Read October 28, 2009
Thomas Oswald (Bristow, VA USA)
3 out of 3 found this review helpful
I read Porter's major books: Competitive Strategy: Techniques for Analyzing Industries and Competitors, Competitive Advantage: Creating and Sustaining Superior Performance and Competitive Advantage of Nations when they were first published. When I saw this was available, I had to read it to see how he had updated the material and if his perspective was as compelling today as it was almost 30 yeas ago.
The updates, while not qualifying as a total re-write, definitely freshened and extended the material in important ways. Chapters 7 (Clusters and Competition: New Agendas for Companies, Government, and Institutions) and 8 (Competing Across Locations: Enhancing Competitive Advantage Through a Global Strategy) were especially good in their explication of the implications of clusters and their impact on competitive advantage.
The material in Parts III (Competitive Solutions to Social Problems) and IV (Strategy, Philanthropy, and Corporate Social Responsibility) was new to me and I found it to be extremely worthwhile. These chapters reflect what I think of as essential Porter, which is applying his deep understanding of competition rooted in economics to complex problems and coming up with innovative solutions.
In summary, whether you have read Michael Porter's earlier books or not, you should read this book. Michael Porter's writing is, to use Deming's term, "profound knowledge" on competition that everyone should be familiar with.
Read Everything Mr. Porter Writes August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
2 out of 3 found this review helpful
Mr. Porter is an expert on competition. As a professional investor, I evaluate competitive strengths and weaknesses of companies on everyday basis. I cannot overemphasize how important Mr. Porter's writings are to my ability to pick investments that perform well. In my opinion, the first chapter is the most important one. Mr. Porter writes about five forces:
* Threat of new entrants
* Intensity of rivalry among existing competitors
* Pressure from substitute products
* Bargaining power of buyers
* Bargaining power of suppliers
These five forces can be a roadmap to determining the competitiveness of individual companies. Mr. Porter's books are long, but I highly recommend this book or any other book written by the author.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Long-term value versus short-term wealth creation April 27, 2009
Asad Quraishi (Montreal, Quebec, Canada)
0 out of 1 found this review helpful
This is an excellent book on strategy and value creation. Porter echoes my feelings on the tension between value creation and investor appeasement, "Imagine the improvement in company performance - and in the economy as a whole - if all the energy expended in "pleasing the Street" were directed toward the factors that create true economic value." If more managers would take the value-creation route over the easier and less fruitful grow-the-share-price one, North American industry would become a force to be reckoned with once again.
Porter at its best September 19, 2009
Dr. S. Johnson (Sydney, AUS)
0 out of 1 found this review helpful
This is a classic, a must own for every business student! The quality is great and if you take the paper cover off it still looks very nice. I am very impressed with this book and it impresses others on my shelves aswell.
Showing reviews 1-5 of 8
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