Abhi Yerra's Reviews > Competitive Strategy: Techniques for Analyzing Industries and Competitors

Competitive Strategy by Michael E. Porter
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it was amazing

This book is dense and takes a while to read because it is so full of information on the strategy of a business. Essentially there are four strategies of a business to optimize for profits and if you are outside of these four strategies you end up being stuck in the middle a place where you don’t have any strategic advantage. However, to practice these four strategies: broad market cost advantage, focused market cost advantage, broad market differentiation and focused market differentiation means attaining different skills. Each strategy has a completely different realm of focus in terms of organizational skills and developing the wrong skills can lead to being stuck in the middle where you end up not being able to maneuver as the industry and competition changes. I’d highly recommend this book as the first 5 books to read when starting a new business to get an idea of what to do in terms of business strategy.

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Reading Progress

November 13, 2017 – Shelved
November 13, 2017 – Shelved as: to-read
Started Reading
November 10, 2019 – Finished Reading

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