October 15, 2014
Cydcor Reviews ‘Competitive Strategy’
Here is Cydcor’s review of Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael E. Porter:
About Competitive Strategy: Published in 1980, Michael Porter’s book still resonates with many individuals today and is the basis for much of what is taught in MBA programs regarding Business Strategy. In fact, the author himself is a professor at Harvard Business School and is a lead authority on the subject. The book has nearly sixty printings in English, has been translated into nineteen languages, and has transformed the theory, practice and teaching of business strategy throughout the world.
Why Cydcor Reviews recommends this to future leaders: Competitive Strategy is fantastic in its simplicity, and the analyses provided can be used as powerful competitive tools and examples on how one can being structure to the task of strategic positioning.
Porter provides the framework for predicting competitor behavior and has given rise to the newer discipline of competitor assessment. It’s a must read for managers, consultants, students and those in business who wish to take up leadership roles in businesses—big or small.
Our favorite part: While the first chapter alone is worth the cost of this book, Cydcor recommends it for the wisdom contained in its entirety. The chapters are organized into three parts: General Analytical Techniques, Generic Industry Environments, and Strategic Decisions.
Porter, being an expert on competition, analyzes the strengths and weaknesses of businesses in the very first chapter. His focuses are the threat of new entrants, pressure of substitute products, bargaining power of buyers, bargaining power of suppliers and the intensity of rivalry among existing competitors. These five forces are the roadmap for determining the competitiveness of individual companies, and are truly eye opening.
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