Rating: 5 out of 5 stars
5/5
Audiobook2 hours
A Macat Analysis of Michael E. Porter's Competitive Strategy: Creating and Sustaining Superior Performance
Written by Pádraig Belton
Narrated by Macat.com
Rating: 4 out of 5 stars
4/5
()
About this audiobook
First published in 1980, Michael E. Porter’s Competitive Strategy went against the accepted wisdom of the time that said firms should focus on expanding their market share. Porter claimed they should, in fact, analyze the five forces that mold the environment in which they compete: new entrants, substitute products, buyers, suppliers, and industry rivals. Then they could rationally choose one of three “generic strategies”—lowering cost, differentiating their product, or catering to a niche market.
With its straightforward, nontechnical approach, Competitive Strategy soon became one of the most influential and frequently quoted books on business strategy. But it has not been without its critics, who say Porter picked his examples and academic research selectively. Others, meanwhile, claim his theories—now almost four decades old—are out of date for an economy increasingly shaped by globalization, technology, and the Internet.
Competitive Strategy is still Porter’s most widely read work, but he has also published Competitive Advantage: Creating and Sustaining Superior Performance (1985), looking at competition from the standpoint of a whole industry, and The Competitive Advantage of Nations (1990), which examines how countries compete with each other economically.
With its straightforward, nontechnical approach, Competitive Strategy soon became one of the most influential and frequently quoted books on business strategy. But it has not been without its critics, who say Porter picked his examples and academic research selectively. Others, meanwhile, claim his theories—now almost four decades old—are out of date for an economy increasingly shaped by globalization, technology, and the Internet.
Competitive Strategy is still Porter’s most widely read work, but he has also published Competitive Advantage: Creating and Sustaining Superior Performance (1985), looking at competition from the standpoint of a whole industry, and The Competitive Advantage of Nations (1990), which examines how countries compete with each other economically.
Related to A Macat Analysis of Michael E. Porter's Competitive Strategy
Related audiobooks
Understanding Michael Porter: The Essential Guide to Competition and Strategy The Innovator's Dilemma: Meeting the Challenge of Disruptive Change Rating: 4 out of 5 stars4/5Seeing What's Next: Using the Theories of Innovation to Predict Industry Change Rating: 4 out of 5 stars4/5Competitive Strategy: What Is Strategy? Rating: 4 out of 5 stars4/5A Macat Analysis of C. K. Prahalad and Gary Hamel's The Core Competence of the Corporation Rating: 4 out of 5 stars4/5The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business Rating: 4 out of 5 stars4/5Disruptive Innovation Rating: 4 out of 5 stars4/5Big Think Strategy: How to Leverage Bold Ideas and Leave Small Thinking Behind Rating: 4 out of 5 stars4/5Strategy That Works: How Winning Companies Close the Strategy-To-Execution Gap Rating: 4 out of 5 stars4/5Opening Strategy: Professional Strategists and Practice Change, 1960 to Today Rating: 0 out of 5 stars0 ratingsThe Discipline of Innovation Rating: 4 out of 5 stars4/5The Clayton M. Christensen Reader Rating: 0 out of 5 stars0 ratingsReengineering the Corporation Rating: 3 out of 5 stars3/5How to Measure Anything: Finding the Value of "Intangibles" in Business Rating: 4 out of 5 stars4/5Inside the Tornado Rating: 4 out of 5 stars4/5The Power of And: Responsible Business Without Trade-Offs Rating: 0 out of 5 stars0 ratingsReinvent Your Business Model: How to Seize the White Space for Transformative Growth Rating: 5 out of 5 stars5/5Tilt: Shifting Your Strategy from Products to Customers Rating: 4 out of 5 stars4/5Focus Rating: 4 out of 5 stars4/5Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers(3rd Edition) Rating: 5 out of 5 stars5/5The Three-Box Solution Playbook: Tools and Tactics for Creating Your Company's Strategy Rating: 5 out of 5 stars5/5The Digital Transformation Playbook: Rethink Your Business for the Digital Age Rating: 5 out of 5 stars5/5HBR's 10 Must Reads on Strategy (including featured article "What Is Strategy?" by Michael E. Porter) Rating: 4 out of 5 stars4/5Revolutionizing Business Operations: How to Build Dynamic Processes for Enduring Competitive Advantage Rating: 0 out of 5 stars0 ratingsThe Innovator's Hypothesis: How Cheap Experiments Are Worth More than Good Ideas Rating: 4 out of 5 stars4/5The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power Rating: 5 out of 5 stars5/5Theory of the Business: A Clear Focus on Your Core Mission Rating: 4 out of 5 stars4/5Lean Business: Examples of Real World Lean Transformations Rating: 4 out of 5 stars4/5Beyond Competitive Advantage: How to Solve the Puzzle of Sustaining Growth While Creating Value Rating: 2 out of 5 stars2/5Hustle as Strategy Rating: 3 out of 5 stars3/5
Industries For You
Be Our Guest: Perfecting the Art of Customer Service Rating: 4 out of 5 stars4/5Strip Tees: A Memoir of Millennial Los Angeles Rating: 4 out of 5 stars4/5Burn Book: A Tech Love Story Rating: 5 out of 5 stars5/5Sam Walton: Made in America Rating: 4 out of 5 stars4/5Ringmaster: Vince McMahon and the Unmaking of America Rating: 4 out of 5 stars4/5Blood, Sweat, and Pixels: The Triumphant, Turbulent Stories Behind How Video Games Are Made Rating: 4 out of 5 stars4/5Mind Your Mindset: The Science That Shows Success Starts with Your Thinking Rating: 4 out of 5 stars4/5Power and Prediction: The Disruptive Economics of Artificial Intelligence Rating: 4 out of 5 stars4/5The Kingdom of Prep: The Inside Story of the Rise and (Near) Fall of J.Crew Rating: 4 out of 5 stars4/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5AI Superpowers: China, Silicon Valley, and the New World Order Rating: 4 out of 5 stars4/5To Pixar and Beyond: My Unlikely Journey with Steve Jobs to Make Entertainment History Rating: 5 out of 5 stars5/5Glossy: Ambition, Beauty, and the Inside Story of Emily Weiss's Glossier Rating: 4 out of 5 stars4/5Bottle of Lies: The Inside Story of the Generic Drug Boom Rating: 4 out of 5 stars4/5Build: An Unorthodox Guide to Making Things Worth Making Rating: 5 out of 5 stars5/5Franchise: The Golden Arches in Black America Rating: 4 out of 5 stars4/5Overdressed: The Shockingly High Cost of Cheap Fashion Rating: 4 out of 5 stars4/5The Age of Fentanyl: Ending the Opioid Epidemic Rating: 4 out of 5 stars4/5Secret Formula: The Inside Story of How Coca-Cola Became the Best-Known Brand in the World Rating: 4 out of 5 stars4/5All You Need to Know About the Music Business: 11th Edition Rating: 0 out of 5 stars0 ratingsThe Lego Story: How a Little Toy Sparked the World’s Imagination Rating: 4 out of 5 stars4/5Artpreneur: The Step-by-Step Guide to Making a Sustainable Living From Your Creativity Rating: 3 out of 5 stars3/5Setting the Table Rating: 5 out of 5 stars5/5Presto!: How I Made Over 100 Pounds Disappear and Other Magical Tales Rating: 5 out of 5 stars5/5Real Food, Fake Food: Why You Don't Know What You're Eating and What You Can Do About It Rating: 4 out of 5 stars4/5
Related podcast episodes
How Industrial Policy actually works (with Isabel Estevez) 0% found this document usefulJim Collins Part 2: What ELSE makes great companies tick 0% found this document usefulDigital Transformation — What It Takes with guest Anand Swaminathan 0% found this document usefulCreative Economy: John Howkins – Peter Day talks with John Howkins, an expert on the creative economy... 0% found this document usefulThe Future of Competitive Strategy with Mohan Subramaniam 0% found this document usefulFrom Engineering to Technology Leadership 0% found this document usefulIs “Lean Startup” Right for Your Idea?-Nir&Far 0% found this document usefulTed Talk 178: Lost Your Motivation To Work Out And Get In Shape? Here’s Why (And How To Get Back On Track) 0% found this document usefulTIP571: Charlie Munger & The Psychology of Human Misjudgment 0% found this document usefulAlign Your Sales Team with Your Strategy 0% found this document usefulElad Gil on charting a path through hyper growth 0% found this document usefulGood Economics for Hard Times [Audio] 0% found this document useful#7 - The Fifth Discipline Part 1 100% found this document useful
Related articles
Economics: The Discipline That Refuses to Change The AtlanticArticle
Economics: The Discipline That Refuses to Change
Dec 14, 2018
4 min readThe Issues That Shape Strategy The European Business ReviewArticle
The Issues That Shape Strategy
Feb 25, 2021
15 min readBuilding An Ethical Competitive Advantage In Times Of Growing Complexity The European Business ReviewArticle
Building An Ethical Competitive Advantage In Times Of Growing Complexity
Sep 25, 2021
8 min readMilton Friedman’s Monopoly Theory MAXIM AustraliaArticle
Milton Friedman’s Monopoly Theory
Sep 16, 2021
Some of the most impactful economists and business minds of the modern era aren’t as critical of the way Rockefeller and Standard Oil handled their business as was the Supreme Court. Milton Friedman, the famous economist and leader of the Chicago sch
1 min readMilton Friedman’s Monopoly Theory MAXIM New ZealandArticle
Milton Friedman’s Monopoly Theory
Sep 22, 2021
Some of the most impactful economists and business minds of the modern era aren’t as critical of the way Rockefeller and Standard Oil handled their business as was the Supreme Court. Milton Friedman, the famous economist and leader of the Chicago sch
1 min readStrategic Drivers FOR THE POST-PANDEMIC ERA The European Business ReviewArticle
Strategic Drivers FOR THE POST-PANDEMIC ERA
Feb 25, 2021
10 min readMOONSHOTS: Achieving Breakthrough Innovation in Established Organizations Rotman ManagementArticle
MOONSHOTS: Achieving Breakthrough Innovation in Established Organizations
Jan 1, 2018
13 min readAbout the Authors The European Business ReviewArticle
About the Authors
Jun 3, 2019
Gregory DeYong is an Assistant Professor at Southern Illinois University. His research focuses on production scheduling, purchasing, and counterfeit products. Hubert Pun is an Associate Professor at the Ivey Business School (Western University). Hi
2 min readThe Sources Of Economic Growth: What If Countries Were Companies? The European Business ReviewArticle
The Sources Of Economic Growth: What If Countries Were Companies?
Oct 2, 2023
13 min readThought Leader Interview: Clayton Christensen Rotman ManagementArticle
Thought Leader Interview: Clayton Christensen
Sep 1, 2019
6 min readAchieving The Promise Of Corporate Purpose Rotman ManagementArticle
Achieving The Promise Of Corporate Purpose
Jan 1, 2024
EVEN BEFORE THE COVID-19 PANDEMIC, discussions of corporate social responsibility (CSR) and environmental, social and governance (ESG) issues were becoming commonplace. In 2019, Larry Fink, CEO of BlackRock, famously issued a challenge to CEOs to pur
10 min readWhy Many Modern Psychology Test Publishers Fail The European Business ReviewArticle
Why Many Modern Psychology Test Publishers Fail
Jul 31, 2023
6 min readThought Leader Interview: Rita McGrath Rotman ManagementArticle
Thought Leader Interview: Rita McGrath
Jan 1, 2019
9 min readBook Of The Week MoneyWeekArticle
Book Of The Week
Mar 18, 2022
2 min readOpinion: 3 Tips For Successful Global Pharma Collaboration And Licensing Agreements STATArticle
Opinion: 3 Tips For Successful Global Pharma Collaboration And Licensing Agreements
Mar 5, 2019
Global partnerships are becoming the lifeblood of large #pharma companies and small #biotech startups. Here's how to make them a success.
2 min readThe New Responsibilities Of Companies In A Time Of Increasing And Climate Change The European Business ReviewArticle
The New Responsibilities Of Companies In A Time Of Increasing And Climate Change
Nov 30, 2020
14 min readJobs-to-be-Done 2.0: A Framework for Customer Discovery Rotman ManagementArticle
Jobs-to-be-Done 2.0: A Framework for Customer Discovery
May 1, 2022
9 min readFrom The Editor... MoneyWeekArticle
From The Editor...
Jul 28, 2023
2 min readfocus on value: WHAT YOUR COMPANY DOES MATTERS MORE THAN WHERE IT SITS The European Business ReviewArticle
focus on value: WHAT YOUR COMPANY DOES MATTERS MORE THAN WHERE IT SITS
Jan 25, 2021
6 min readCOPYCATS: Where Fashion And Pharmaceuticals Meet The European Business ReviewArticle
COPYCATS: Where Fashion And Pharmaceuticals Meet
Jun 3, 2019
15 min readAn Efficient Alternative To Concept Optimisation NZ MarketingArticle
An Efficient Alternative To Concept Optimisation
Jun 18, 2017
The art is evident in the workshops, ideation sessions, and concept-building huddles that take place at the earliest stages of innovation. This is where creativity, imagination and ingenuity meet to form the keys to success. And then there’s the scie
2 min readIdeologies, Institutions, and Interests: Why Economic Ideas Don’t Compete on a Level Playing Field The Independent ReviewArticle
Ideologies, Institutions, and Interests: Why Economic Ideas Don’t Compete on a Level Playing Field
Jul 1, 2020
Economists are not outside of the economy; they are part and parcel of it.... The economist is a rational, maximizing individual, subject to the predictions of economic science. In this sense there is no way that the economist cannot be influenced by
24 min readAre Index Funds Evil? The AtlanticArticle
Are Index Funds Evil?
Aug 8, 2017
6 min readThe Innovator’s Mindset: Radical Can-Do Rotman ManagementArticle
The Innovator’s Mindset: Radical Can-Do
Jan 1, 2019
10 min readUnlocking Schumpeter. Fostering Innovation Within Our Organizations The European Business ReviewArticle
Unlocking Schumpeter. Fostering Innovation Within Our Organizations
Nov 25, 2021
5 min readEmbracing The Innovation Debate Landscape Architecture AustraliaArticle
Embracing The Innovation Debate
May 1, 2022
3 min readBootleggers and Baptists Go Digital The Independent ReviewArticle
Bootleggers and Baptists Go Digital
Sep 1, 2020
Technical change in general and digitalization in particular enhance competition by reducing the cost of transactions (Munger 2015). However, potentially valuable transactions may be prevented by already-existing or newly introduced regulations. Why
29 min readThe Business Tornado Era ThinkSalesArticle
The Business Tornado Era
Jun 26, 2019
Disruptive forces are simultaneously converging on every company across all industries, B2C and B2B, creating the perfect storm for your company. What are these forces and are you and your organisation equipped for this tornado? Fact 1: Due to the I
2 min readSeven Facts Nobody Told You About INDUSTRY 4.0 TechfastlyArticle
Seven Facts Nobody Told You About INDUSTRY 4.0
Mar 3, 2021
5 min readAbout the Authors The European Business ReviewArticle
About the Authors
Feb 4, 2019
2 min read
Reviews for A Macat Analysis of Michael E. Porter's Competitive Strategy
Rating: 4 out of 5 stars
4/5
4 ratings0 reviews