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Understanding Michael Porter: The Essential Guide to Competition and Strategy. Be the first to ask a question about Understanding Michael Porter. I'd read Porter during my management school days, but mostly in the pedantic, self-serving manner. Michael Porter shook up the world of strategy and big business with two books - Competitive Strategy in 1980 and Competitive Advantage in 1985. This could be a valuable tools for those without the diligence to pour through Porter's tomes. I'd read Porter during my management school days, but mostly in the pedantic, self-serving manner. Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. Very clear and readable introductions to the essentials of real business strategy. Although, after reading his works, you have a good idea on how to improve efficiency, you don't have a crystallized idea on how to think about a strategy. Relative cost . by Michael E. Porter), On Competition, Updated and Expanded Edition, Redefining Health Care: Creating Value-Based Competition on Results, Buy 10 - 49 Starting with identifying the right mind-set for competition, the concept that being best and getting the largest market share does not guarantee success is emphasized throughout the book. Understanding Michael Porter: The Essential Guide to Competition and Strategy - Kindle edition by Magretta, Joan. An added feature is an original Q&A with Porter himself, which includes answers to managers' FAQs. I enjoyed this as it was well summarised and had all the important bits about Porter’s work on competition. Fast and free shipping free returns cash on delivery available on eligible purchase. Watch Queue Queue To understand strategy—what it is, why it’s important, and how to develop a successful one for any organization—you must begin with understanding competition. "Understanding Michael Porter" sets the record straight, providing the first concise, accessible summary of Porter's revolutionary thinking. Met volledige medewerking van Michael Porter is het Joan Magretta gelukt het revolutionaire denken samen te vatten in een beknopt en toegankelijk boek. Industry structure. It is a tool used to analyze the competitive environment in terms of five key forces that affect a company's profitability and influence its strategy. Written with Porter’s full cooperation by Joan Magretta, his former editor at Harvard Business Review , this new book delivers fresh, clear examples to illustrate and update Porter… Noté /5. Understanding Michael Porter sets the record straight, providing the first concise, accessible summary of Porter's revolutionary thinking. Written with Porter’s full cooperation by Joan Magretta, his former editor at Harvard Business Review, this new book delivers fresh, clear examples to illustrate and update Porter… Publication Information: This book excellently captures the ideas that he has talked about in various papers over the years. The beauty of Magretta’s book – and why it is essential reading – is that it distils Porter’s ideas on competition and strategy and makes them accessible to all of us. All rights reserved. Start by marking “Understanding Michael Porter: The Essential Guide to Competition and Strategy” as Want to Read: Error rating book. This book is a perfect explanation of what Michael Porter is trying to say about the competition between companies and the strategy that new companies should take in this market. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom. ... that competition is about being unique, not being the best; that it is a contest over profits, not a battle between rivals; that strategy is about choosing to make some customers unhappy, not being all things to all customers. Free shipping for many products! Book excerpt from Understanding Michael Porter: The Essential Guide to Competition and Strategy.. Joan Magretta: What are the most common strategy mistakes you see? To see what your friends thought of this book, Understanding Michael Porter: The Essential Guide to Competition and Strategy. December 16, 2011. geschemerd. Buy Understanding Michael Porter: The Essential Guide to Competition and Strategy by Magretta, Joan online on Amazon.ae at best prices. Joan Margretta's job of summarizing, deferring, and simplifying has given me a renewed interest in finishing the original Porter. For me, this counts as a classic, meaning something that I'll get value out of every time I read it. Much simpler and direct than reading Porter himself and with well-articulated "synergies" between concepts. Welcome back. Since then, he has become the established view and other experts have tried to make their names by misrepresenting his work and arguing against these misrepresentations. Copyright © 2021 Harvard Business School Publishing. among them is this understanding michael porter the essential guide to competition and strategy that can be your partner. This resonated on so many levels, and helped to crystallise my understanding of why Porter isn't just another management fad. Which needs are you going to meet? Understanding Michael Porter will enable all leaders throughout any organization t grasp Porter's seminal ideas about competition and strategy and deploy them to achieve competitive success. 4.8 out of 5 stars 244 ratings. Understanding Michael Porter-Joan Magretta 2012 Examines and explains Differentiation. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom. Gained a better understanding of what disruptions truly mean, when they matter and how to evaluate/create business models that foster competitive advantage. A concise summary of Michael Porter's ideas of competition and strategy. What Porter Said That You Should Hear. Watch Queue Queue. For example, his 1996 article, What is Strategy, was written partly as a defense of his views vis-a-vis some of the alternative views. Use features like bookmarks, note taking and highlighting while reading Understanding Michael Porter: The Essential Guide to Competition and Strategy. The Essential Porter. Let us know what’s wrong with this preview of, Published Well written and straight forward to apply. Compre online Understanding Michael Porter: The Essential Guide to Competition and Strategy, de Porter, Michael E., Magretta, Joan na Amazon. Get this from a library! Understanding Michael Porter: The Essential Guide to Competition and Strategy (Audible Audio Edition): Joan Magretta, Erik Synnestvedt, Gildan Media, LLC: Amazon.ca: Audible Audiobooks Any good nonfiction books = ~20%, Porter provides a very refreshing and more sophisticated view of business strategy, shattering the idealistic simplicity of things like Jack Welch's view that you have to be number one or two in your business, or that success is creating a better product than others. A reading of this book could serve to clear some of the misconceptions and prevent missteps when applying these frameworks and concepts. University professorship is the highest professional recognition that can be awarded to a Harvard faculty member. Michael Porter: The granddaddy of all mistakes is competing to be the best, going down the same path as everybody else and thinking that somehow you can achieve better results. "Michael Porter didn't get to be a giant in the field of competition and strategy by hunting small game" and neither did we. You don't have to be the biggest. and get 50% off, Buy 2500 or above I'll never see the world the same after reading this book. Not just for understanding business strategy, but for understanding decision-making in general. Retrouvez Understanding Michael Porter: The Essential Guide to Competition and Strategy. and get 30% off, Buy 100 - 499 : An Illustrated Guide to Michael Porter, HBR's 10 Must Reads on Strategy (including featured article "What Is Strategy?" Porter provides a very refreshing and more sophisticated view of business strategy, shattering the idealistic simplicity of things like Jack Welch's view that you have to be number one or two in your business, or that success is creating a better product than others. Understanding Michael Porter the essential guide to competition and strategy. There are no discussion topics on this book yet. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom. What Is Strategy? Competitive advantage. I picked up this book as I consider strategy a weakness and I want to be better at it - I'd say this book gave a kickstart to that journey. Find books like Understanding Michael Porter: The Essential Guide to Competition and Strategy from the world’s largest community of readers. The author starts by extolling Michael Porter's work on identifying forces that shape up competition and then she moves on to dismiss the myths surrounding interpretations of his work through examples of some of the best companies across the world to make a compelling case on why Porter's work is much more than what it looks on the surface.

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