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Understanding Michael Porter: The Essential Guide to Competition and Strategy Hardcover – 1 Dec 2011


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Product details

  • Hardcover: 208 pages
  • Publisher: Harvard Business Review Press (1 Dec. 2011)
  • Language: English
  • ISBN-10: 1422160599
  • ISBN-13: 978-1422160596
  • Product Dimensions: 2.5 x 16.5 x 24.1 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Bestsellers Rank: 155,699 in Books (See Top 100 in Books)

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Review

"A book on understanding Porter is worthwhile because he's often misunderstood. He is widely and rightly regarded as the all-time greatest strategy guru, but that view gets the emphasis wrong." -- Fortune magazine "If you have always intended to read Michael Porter's groundbreaking management classics, but have never quite got around to doing so, Joan Magretta's Understanding Michael Porter does the hard work for you" -- Financial Mail (South Africa) "Magretta's book is a timely reminder that serves to put Porter's thinking and concepts before us again--ideas that all firms and strategy practitioners would be well-advised to study and learn from...an excellent read." -- Quality Digest "Summing Up: Highly recommended" -- CHOICE "Joan Magretta lays out Porter's ideas on competition in a concise, easy-to-read volume." -- Business Day (South Africa) "The book is a great read even for those who are looking to get initiated into the Michael Porter way of thinking" -- The Economic Times (India) "Magretta adds value through fresh case studies showing how companies such as Zara, Ikea and In-N-Out Burger deploy Porter's ideas. Written in a very accessible style, this is a book for managers rather than academics." -- The Irish Times "Ms. Magretta does a superb job of clearly and logically explaining Prof. Porter's concepts, with lots of helpful examples. This is a distillation, but it never feels sparse, with ample time for the reader to learn a concept and sufficient reinforcement of the ideas as you are guided through the Porter oeuvre. Reading it brings you up-to-date on his ideas and, more importantly, helps you to understand your own business and the strategic elements you may have missed." -- The Globe & Mail "200 pages of simple, non-faddish common sense for business." -- Anna Farmery, TheEngagingBrand.com "Book of the Month. This book will become the strategy bible for today's busy managers." -- Business Executive

About the Author

Joan Magretta has worked with Michael Porter for almost two decades; she is a Senior Associate at the Institute for Strategy and Competitiveness at Harvard Business School, a McKinsey Award winner, and author of What Management Is, a top pick of its year by The Economist. She was a Bain partner and strategy editor of the Harvard Business Review.

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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews

Format: Hardcover
Although this book offers - in my opinion -- the single best introduction to the major insights of Michael Porter, other than an extended period of one-on-one time with him during which he explains them himself, Joan Magretta also offers other invaluable business information, insights, and wisdom within a much larger context. Those who have read her earlier business classic, What Management Is: How It Works and Why It's Everyone's Business, already know that she possesses highly-developed perspectives on both the scope and depth of business, and, the specific details (and relevance thereof) of what management is and does as well as how its core competencies can be developed and then applied to achieve sustainable high-impact and superior performance.

Her brilliant analysis of Porter and his major contributions includes:

o How to develop the right mind-set for competition
o "The Five Competitive Forces That Shape Strategy"
o How and why a value chain can be a decisive competitive advantage
o What the "core" is and how it can help to create value
o How and why trade-offs are strategy's "linchpin"
o How and why the value or cost of one activity is affected by how other activities are performed
o How and why continuity enables development of competitive advantage

The coverage of Porter material includes an Epilogue that consists of "A Short List of Implications, followed by Magretta's interview of Porter and a "A Porter Glossary: Key Concepts."

All this would be more than sufficient to establish Magretta's book as a "business classic" but there is more, so much more that she offers.
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1 of 1 people found the following review helpful By Nicholas N on 24 Mar. 2013
Format: Hardcover Verified Purchase
Great outline of Michael Porters work... It hits the main points and does not go into too much detail so if you're new to the subject, this is a great starting point
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Format: Hardcover Verified Purchase
Easy to understand,to the point and current,Informative and insightful with real world elaborations of theoretical/abstract concepts.Not enough though,I think, but really good
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By John s Gillard on 30 Sept. 2014
Format: Hardcover Verified Purchase
Excellent summation of important work
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By alexis c hammer on 30 Jan. 2015
Format: Hardcover Verified Purchase
good
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