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Competitive Strategy: Techniques for Analyzing Industries and Competitors

Competitive Strategy: Techniques for Analyzing Industries and Competitors - rev edition

Competitive Strategy: Techniques for Analyzing Industries and Competitors - rev edition

ISBN13: 9780684841489

ISBN10: 0684841487

Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter - ISBN 9780684841489
Cover type: Hardback
Edition: REV 98
Copyright: 1998
Publisher: Free Press
International: No
Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter - ISBN 9780684841489

ISBN13: 9780684841489

ISBN10: 0684841487

Cover type: Hardback
Edition: REV 98

List price: $40.00

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Now nearing its 60th printing in English and translated into nineteen languages, Michael E. Porter's Competitive Strategy has transformed the theory, practice, and teaching of business strategy throughout the world. Electrifying in its simplicity -- like all great breakthroughs -- Porter's analysis of industries captures the complexity of industry competition in five underlying forces. Porter introduces one of the most powerful competitive tools yet developed: his three generic strategies -- lowest cost, differentiation, and focus -- which bring structure to the task of strategic positioning. He shows how competitive advantage can be defined in terms of relative cost and relative prices, thus linking it directly to profitability, and presents a whole new perspective on how profit is created and divided. In the almost two decades since publication, Porter's framework for predicting competitor behavior has transformed the way in which companies look at their rivals and has given rise to the new discipline of competitor assessment.

More than a million managers in both large and small companies, investment analysts, consultants, students, and scholars throughout the world have internalized Porter's ideas and applied them to assess industries, understand competitors,, and choose competitive positions. The ideas in the book address the underlying fundamentals of competition in a way that is independent of the specifics of the ways companies go about competing.

Competitive Strategy has filled a void in management thinking. It provides an enduring foundation and grounding point on which all subsequent work can be built. By bringing a disciplined structure to the question of how firms achieve superior profitability, Porter's rich frameworks and deep insights comprise a sophisticated view of competition unsurpassed in the last quarter-century.

Author Bio

Porter, Michael E. : Harvard University

Michael E. Porter, one of the world's leading authorities on competitive strategy and international competitiveness, is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. In 1983, Professor Porter was appointed to President Reagan's Commission on Industrial Competitiveness, the initiative that triggered the competitiveness debate in America. He serves as an advisor to heads of state, governors, mayors, and CEOs throughout the world. The recipient of the Wells Prize in Economics, the Adam Smith Award, three McKinsey Awards, and honorary doctorates from the Stockholm School of Economics and six other universities, Porter is the author of fourteen books, among them Competitive Strategy, The Competitive Advantage of Nations, and Cases in Competitive Strategy, all published by The Free Press. He lives in Brookline, Massachusetts.

Table of Contents

Table of Contents

Introduction, 1980

PART I General Analytical Techniques

Chapter 1 The Structural Analysis of Industries

Structural Determinants of the Intensity of Competition
Structural Analysis and Competitive Strategy
Structural Analysis and Industry Definition

Chapter 2 Generic Competitive Strategies

Three Generic Strategies
Stuck in the Middle
Risks of the Generic Strategies

Chapter 3 A Framework for Competitor Analysis

The Components of Competitor Analysis
Putting the Four Components Together -- The Competitor
Response Profile
Competitor Analysis and Industry Forecasting
The Need for a Competitor Intelligence System

Chapter 4 Market Signals

Types of Market Signals
The Use of History in Identifying Signals
Can Attention to Market Signals Be a Distraction?

Chapter 5 Competitive Moves

Industry Instability: The Likelihood of Competitive Warfare
Competitive Moves
Focal Points
A Note on Information and Secrecy

Chapter 6 Strategy Toward Buyers and Suppliers

Buyer Selection
Purchasing Strategy

Chapter 7 Structural Analysis Within Industries

Dimensions of Competitive Strategy
Strategic Groups
Strategic Groups and a Firm's Profitability
Implications for Formulation of Strategy
The Strategic Group Map as an Analytical Tool

Chapter 8 Industry Evolution

Basic Concepts in Industry Evolution
Evolutionary Processes
Key Relationships in Industry Evolution

PART II Generic Industry Environments

Chapter 9 Competitive Strategy in Fragmented Industries

What Makes an Industry Fragmented?
Overcoming Fragmentation
Coping with Fragmentation
Potential Strategic Traps
Formulating Strategy

Chapter 10 Competitive Strategy in Emerging Industries

The Structural Environment
Problems Constraining Industry Development
Early and Late Markets
Strategic Choices
Techniques for Forecasting
Which Emerging Industries to Enter

Chapter 11 The Transition to Industry Maturity

Industry Change during Transition
Some Strategic Implications of Transition
Strategic Pitfalls in Transition
Organizational Implications of Maturity
Industry Transition and the General Manager

Chapter 12 Competitive Strategy in Declining Industries

Structural Determinants of Competition in Decline
Strategic Alternatives in Decline
Choosing a Strategy for Decline
Pitfalls in Decline
Preparing for Decline

Chapter 13 Competition in Global Industries

Sources and Impediments to Global Competition
Evolution to Global Industries
Competition in Global Industries
Strategic Alternatives in Global Industries
Trends Affecting Global Competition

PART III Strategic Decisions

Chapter 14 The Strategic Analysis of Vertical Integration

Strategic Benefits and Costs of Vertical Integration
Particular Strategic Issues in Forward Integration
Particular Strategic Issues in Backward Integration
Long-Term Contracts and the Economics of Information
Illusions in Vertical Integration Decisions

Chapter 15 Capacity Expansion

Elements of the Capacity Expansion Decision
Causes of Overbuilding Capacity
Preemptive Strategies

Chapter 16 Entry into New Businesses

Entry through Internal Development
Entry through Acquisition
Sequenced Entry

Appendix A Portfolio Techniques in Competitor Analysis
Appendix B How to Conduct an Industry Analysis
About the Author

Other Editions of Competitive Strategy: Techniques for Analyzing Industries and Competitors

Competitive Strategy : Techniques for Analyzing Industries and Competitors by Michael A. Porter - ISBN 9780029253601