Understanding Michael Porter Quotes

“Competing to be the best feeds on imitation. Competing to be unique thrives on innovation.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“A common mistake in strategy is to choose the same core competences as everyone else in your industry.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“In business, multiple winners can thrive and coexist. Competition focuses more on meeting customers needs than on demolishing rivals. Just look around. Because there are so many needs to serve, there are many ways to win.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“If rivalry is intense, companies compete away the value they create, passing it on”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Entry barriers protect an industry from newcomers who would add new capacity.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Substitutes—products or services that meet the same basic need as the industry’s product in a different way—put a cap on industry profitability.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Powerful buyers will force prices down or demand more value in the product, thus capturing more of the value for themselves.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“The five forces framework explains the industry’s average prices and costs, and therefore the average industry profitability you are trying to beat.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Strategic competition means choosing a path different from that of others.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“If rivals all pursue the “one best way” to compete, they will find themselves on a collision course.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“In the vast majority of businesses, there is simply no such thing as “the best.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Strategy explains how an organization, faced with competition, will achieve superior performance. The definition is deceptively simple.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“Blue Ocean Strategy,”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“The essence of strategy,” Porter often says, “is choosing what not to do.”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy

“disruptive technology will invalidate the assets of the current generation of industry leaders. Digital”
― Joan Magretta, Understanding Michael Porter: The Essential Guide to Competition and Strategy