A Distillation of The Most Important Business Thinking of Our Time
Michael Porter’s groundbreaking ideas on competition and strategy have unfolded over three decades and are spread across a dauntingly long list of publications. Every manager can name individual pieces of his work - competitive advantage, the value chain, five forces - but no one, not even Porter himself, has put the entire puzzle together to reveal it as an integrated whole. This lucid, concise audiobook does just that. Written with Porter’s full cooperation by Joan Magretta, his former editor at Harvard Business Review, this book provides an engaging summary of Porter’s ideas and an invaluable synthesis of this important body of work, making clear how each of Porter’s powerful concepts relates to the others and, most important, to the practical realities managers face.
Modern thinking about competition and strategy begins with Porter’s frameworks. They are the most widely used in practice by managers around the world. But as Magretta points out, Porter is often misunderstood and his frameworks misapplied. Magretta’s own wide-ranging business experience allows her to identify the most common of these misconceptions - among them, the deeply held but dangerous belief that competition is about being the best. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom.
Understanding Michael Porter will enable all leaders throughout any organization to grasp Porter’s seminal ideas about competition and strategy and deploy them to achieve competitive success.
©2011 Joan Magretta (P)2011 Gildan Media Corp
Why do publishers keep hiring Erik Synnestvedt? His reviews are universally negative so why is he still reading books for Audible? He's ruining excellent books like this. Text-to-speech is getting really good. Audible's competitive advantage is excellent narrators. Bad narrators can easily be replaced with text-to-speech and erode any competitive advantage that Audible has. Please invest in good narrators.
This is a great review of Porter on strategy. But the narrator has a very annoying voice. Next time I'll buy the book and read it for myself.
Michael Porter's books on the critical principles governing business operations have become classics. This book, written with his cooperation brings together much he has written. It is well-compiled and well explained.
Concepts such as the forces that govern industry profitability, unique selling proposition and the true meaning of competitive advantage are discussed. All this is woven together to grock the fullness of business strategy.
It isn't light reading, but it is well written and engaging. If you are a serious student or practitioner of business, looking for the "why" of how business works, I heartily recommend it.
After listening, I bought the book as a reference.
Succinct, Clear, Useful
The narrator does have a style that's a little less than totally enjoyable. But if you can handle the sample, the info is worth it.
If you're too busy to read his books and articles that updated theories from the books, this is the book for you. A summary of Porter isn't for the casual observer, but it the author does a good job of making it accessible.
excellent summary of Porter's body of work. I listen to it regularly when thinking about strategic issues
All stores which tell what strategy is not..
I have listened to this book three times but most of the time in chunks
The book was great but Joan is a poor narrater and it is very difficult to understand him
addicted to reading
A different narrator. His pronunciation was so awful, it was a distraction.
The problem is, because of the odd narration, I do not understand Michael Porter.
I have no idea. I can't listen to it
Yes, get another narrator then let everyone who attempted to listen to this version have it free. This is valuable information ... That I don't have although I paid for it.
Co-Founder, and VP of We Are Communitie, inc. The mission of helping strengthening our communities businesses, non-profits, and education system by rebuilding how marketers market, and consumers purchase. I'm also an avid cook, mountain biker, surfer, love of movies with "Star" in the title, a gadget freak, and thankful to God daily of my lovely family, friends, and the opportunities given before me.
Joan reaches between the lines of Porters work. Providing specific examples, view points, insights, and how to's. I say how-to loosely. Her discussions and points of question are more of a frame work that can be modified to meet the specific needs of individual industries. The author also challenges previous perceptions, and miss understandings of Porters work in relation to competition, profit, growth, and strategy. This book is well worth the time to read or listen too. The only negative, is the author refers to work sheets within a chapter designed to aid and compliment points of the discussion that are not available through Audible's download.
Report Inappropriate Content
If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.