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  • Audio CD
  • Verlag: Your Coach In A Box; Auflage: Unabridged (31. Januar 2012)
  • Sprache: Englisch
  • ISBN-10: 1596597658
  • ISBN-13: 978-1596597655
  • Größe und/oder Gewicht: 14,6 x 1,9 x 13 cm
  • Durchschnittliche Kundenbewertung: 5.0 von 5 Sternen  Alle Rezensionen anzeigen (2 Kundenrezensionen)
  • Amazon Bestseller-Rang: Nr. 385.048 in Fremdsprachige Bücher (Siehe Top 100 in Fremdsprachige Bücher)

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“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
-- Dieser Text bezieht sich auf eine andere Ausgabe: Gebundene Ausgabe .

Über den Autor und weitere Mitwirkende

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.
-- Dieser Text bezieht sich auf eine andere Ausgabe: Gebundene Ausgabe .

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Die hilfreichsten Kundenrezensionen

Format: Gebundene Ausgabe Verifizierter Kauf
Das Buch vermittel schnell und in leicht verständlichen Englisch die Grundlagen von Porter's Theorien.
Dazu zieht die Authorin auch viele Praxisbeispiele heran und veranschaulicht die gute und schlechte Umsetzung in der Wirtschaftswelt.

Das Buch ist für "Anfänger" bzw. Neulinge in der Thematik geschrieben, die vielleicht durch den Job oder durchs Studium immer wieder mit
Porter konfrontiert werden. Da wundert es auch nicht, das sie die wichtigsten Punkte immer wieder wiederholt und betont. Das nervt mich
persönlich ein bisschen, sorgt aber auch dafür, dass es im Kopf bleibt.

Auf Grund des bereits Genannten, der wichtigen Thematik und des doch günstigen Preises gibt es von mir die volle Punktzahl.
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Von JR am 8. September 2014
Format: Gebundene Ausgabe Verifizierter Kauf
Don't wanna read Michael Porter's books in detail, but get the key messages in short, supported by a lot of good examples from corporate America and Europe - here's what you have to read. Helped me a lot structuring and developing my thoughts on competitive strategy and applying it to my business. One of the best business books I've read last year.
Fully recommend it!
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Die hilfreichsten Kundenrezensionen auf Amazon.com (beta)

Amazon.com: 87 Rezensionen
65 von 71 Kunden fanden die folgende Rezension hilfreich
The Most Accessible Introduction to Porter. Period. 13. Dezember 2011
Von Ashok A - Veröffentlicht auf Amazon.com
Format: Kindle Edition Verifizierter Kauf
I have read two of Porter's books - Competitive Strategy and Competitive Advantage. And I have also, sort of, understood them - even though I haven't really internalized them for implementing in my company. The reason was that I did not quite get my mind around the concepts in a comprehensive manner as the ideas are in different books and they are not presented as an integrated whole (and, of course, I read them at different times). For the first time, in this book, the concepts are presented in a very accessible manner and connected in a very coherent manner. The books starts (Part 1) with What is Competition - elucidating on the concept of Competition, The Five Forces, and the Value Chain (CA). Part 2 addresses What is Strategy - in which the concepts of Creating Value; Trade-offs; Fit; and Continuity are discussed. The book is wrapped up with A Short List of Implications where in the author summarizes the takeaways and what they mean for us.

I am in the midst of developing a strategy for my company. These easy to understand frameworks have been extremely useful. In fact, after reading this book, I decided not to hire a consultant who was charging me an exorbitant sum ($4,000/day!) as I think that this book will be more helpful. I highly recommend this book esp if you are trying to get a good grasp of the concepts of Michael Porter. An absolute gem.
32 von 37 Kunden fanden die folgende Rezension hilfreich
Good summary of Porter's ideas on business-unit strategy 15. Februar 2012
Von Jackal - Veröffentlicht auf Amazon.com
Format: Gebundene Ausgabe
Michael Porter's ideas on strategic management are important. However his books Competitive Strategy: Techniques for Analyzing Industries and Competitors and Competitive Advantage: Creating and Sustaining Superior Performance are very dense (in addition to being 30 years old). This much shorter book is written in a journalistic style and conveys Porter's basic ideas relating to business-unit strategy.

The book serves as a first encounter with Porter's thinking, but I would really urge readers to study Porter's two first books as well. Even though Porter's books are 30+ years old, they are important. Classics have the remarkable feature of being relevant whenever they are read. Naturally, they are not perfect. They do not talk enough about service industries, but that was not really America in the 70s. The current book has the same deficiency; not that much about service industries.

Even if you have good familiarity with Porter I still cautiously recommend the book. It sometimes adds contextual information, small updates on Porter's thinking, and useful metaphors. For those of you who already have a fair amount of experience (important!) I would also recommend Good Strategy Bad Strategy: The Difference and Why It Matters.

The book is a summary of Porter's ideas from a journalist, so do not expect any deep, fundamental analysis. We get a fair share of thoughtless statements. We might be told that unbundling of an offering is good because not all customers value a lot of features. Then a bit later, we are told that bundling is good because it makes things easier for the customer's purchase decision. The author points out several times that we should use numbers when analysing. It would have been good if she heeded her own advice. Further on the negative side, the author treats Porter like God. It is okay to have Porter as a hero, but that does not justify hero worship. Sometimes it would have been nice with a more critical perspective. I am not talking of the mediocre academic who blurts out some standard canned critique of Porter. Since the author had access to Porter, more penetrating questions should have been asked. For instance, what is so good with the activity map when you already have a value chain? Personally, I find the activity map totally useless. Or for instance, when core competences are described in such a narrow fashion so they become a straw man. Most examples are straight out of current HBS case studies (eg Ikea, Zara, Southwest Airlines). You might find this positive or you might find the author a bit lazy in using the same examples.

I have reread the book and I am much less positive today. The key reason is that the book only covers 20% of what I think an educated strategist/consultant/CEO should know about Porter's work. The second reason is that the case examples are mostly 10+ years old. One new company described is Zipcar and the stock market has taken that company on a straight downhill ride from 30 to around 10. Oh well.

With full access to Michael Porter a much better job could have been done as evidenced by the most interesting part of the book, the Q&A with Porter.

The book is still worthwhile reading if you read a lot of book. I rate the book three stars.

A better book covering exactly the same ground is Playing to Win: How Strategy Really Works, in which the ex-CEO of P&G gives his description or Porter's theories. That is a four star book in my opinion. However, both books suffer from being verbose, but that sadly is how HBS Press likes their books.
11 von 12 Kunden fanden die folgende Rezension hilfreich
A home run! 18. Januar 2012
Von mark guay - Veröffentlicht auf Amazon.com
Format: Gebundene Ausgabe Verifizierter Kauf
I read the whole book over a long weekend. I must say I could not put it down. For those of us who need an overview of a subject before we dive into the Porter books themselves, this is a great read. For those readers just looking for a summary of Porter's books, this works equally as well. I think this book did Michael Porter the biggest favor of all - it allowed non economics or business majors to understand the importance of strategy. It also turned down the spotlight of individual components of a business [i.e. OE and marketing plans] which, albeit important, must nevertheless be aligned with strategy to be successful. I liked it so much I wrote a blog about it to all my clients. Congratulations to the author.
13 von 16 Kunden fanden die folgende Rezension hilfreich
Credible, and Very Well Written - 29. Dezember 2011
Von Loyd E. Eskildson - Veröffentlicht auf Amazon.com
Format: Gebundene Ausgabe
Michael Porter is the Harvard Business School's guru of strategy. He became a leading strategy guru by asking big questions, like 'Why are some companies more profitable than others?,' as well as the same question about industries and some countries. However, the usefulness of his ideas has been limited by the fact that they have not been summarized and sequenced into a single source. Author Joan Magretta brings not only her own credible credentials to this summary of Porter's strategy work, but has also had him review each chapter with her.

The key to competitive success, per Porter, lies in an organization's ability to create unique value. Competing to be unique is accomplished against a specific, relevant set of rivals (the industry). The company's relative position within its industry determines how its value will be created and what kind of value that will be.

A good competitive strategy will result in sustainably superior performance. 'Being #1 or #2 in and industry' (Welch, at G.E.), 'making key acquisitions,' 'doubling the number served (for a non-profit), and 'Don't be evil' (Google) do not tell how an organization will outperform the competition. Nor do they tell one where to compete.

With everyone chasing the same customer (the result when everyone's strategy is simply 'to be the best') every sale is contested, and price competition is the ultimate outcome. As for being #1 or #2, in many industries scale economies are exhausted at a relatively small market share. (G.M. was the world's largest auto manufacturer, and went bankrupt; BMW, much smaller, has earned superior returns vs. the industry.) Overpriced M&A, over-extension into all market segments, and price-cutting to gain market share can be disastrous. Most industries have multiple scale curves, each based on serving different markets. Competing to be unique, however, does not require one's rivals to fail; further, unlike sports, every company can choose the 'game' that it will compete in.

Competition is not just a direct contest between rivals - companies also are struggling for profits with their customers, suppliers, substitutes, and potential rivals. These 'five forces' determine profitability, and that industry structure, once past its emergent phase, is stable in the short-term but can change - eg. the emergence of Wal-Mart. If an industry doesn't create much value for its customers, prices will barely cover costs; on the other hand, industries can create lots of value for customers while the companies earn little. Porter also emphasizes that industry structure should be analyzed from an incumbent's perspective, and recognize entry barriers for new entrants.

Customers tend to be more price sensitive when they're buying an undifferentiated, expensive vs. other costs or income, and inconsequential to their own performance. Similarly with suppliers. Both customers and suppliers are more powerful when they are large and concentrated vs. fragmented, there are no short-term alternatives, switching costs and/or differentiation work in their favor, they can credibly threaten to vertically integrate into producing the industry's product itself.

Entry barriers can derive from scale economics, customer switching costs, network effects (eg. large suppliers with stability and good reputation - IBM; network size - Facebook), large required capital investments, proprietary technology/access to locked up distribution channels, government restrictions (eg. taxi license limits), likely incumbent retaliation (greater in slow growth and/or high fixed cost situations). Price competition is greater with undifferentiated products, high fixed and low marginal costs, perishable products. Other factors may be relevant, but are not structural - eg. government regulation, technology (eg. Internet - facilitated shopping around), complements (eg. availability of computer software). Growth might put suppliers into the driver's seat.

Apple having its own operating system avoids Microsoft's supplier power as well as providing differentiation; creating distinctive products limits buyer power; easing switching costs reduces rival power. Pacar competes for owner-operators, not fleet operators - thus, providing roadside assistance, customer features.

Profitability within an industry is determined by the firm's sequence of activities (value chain). ROIC is the appropriate measure. Improving operational effectiveness is an ongoing challenge, but it doesn't always lead to differentiation. Doing so requires a distinctive value proposition such as SWA, involving choosing customers and channels, customer needs to emphasize, price, and method of accomplishment. If you're trying to serve the same customers, meet the same needs, and sell at the same price - per Porter, you don't have a strategy.

Don't feel you have to delight every possible customer. Good execution is unlikely to be a source of sustainable advantage, but without it the best strategy will not provide superior performance. A good strategy makes clear what the organization won't do.

Sysco developed private labels to counteract the power of suppliers, added IT services to fend off small competitors.

Porter's points, though excellent, are not infallible. Intel, the dominant force in high-powered PC CPUs, is now likely to invade the market for mobile devices now dominated by ARM and its low-power chips. ARM, on the other hand, is seen likely to invade Intel's market. Why - the increasing convergence and overlap of the two markets.

Overall, the book is very readable, useful, and important.
2 von 2 Kunden fanden die folgende Rezension hilfreich
Outstanding compilation; some Kindle hiccups 28. April 2012
Von Kindle Customer - Veröffentlicht auf Amazon.com
Format: Kindle Edition Verifizierter Kauf
Once again Joan Magretta produces a masterful synthesis of complex business ideas (her first being What Management Is). I'm well aware of Michael Porter's contributions to business thinking but I've been hesitant to read his work directly because it seemed so academic and specialized. But in this book, Michael Porter's ideas are laid out logically and explained clearly, with plenty of examples to support the ideas. A major key to understanding Porter is mastering the definitions of key words or phrases, such as "value proposition", "value chain", or even "strategy". Sometimes it's easy to recognize jargon but sometimes not, so you can be easily be confused or led down the wrong path if you're not paying attention closely. Magretta helps by repeating the definitions at key times to reinforce the ideas and ensure you don't get lost (plus there's a handy glossary at the back) and describes how to analyze or implement them step-by-step. It's so well written that I finished in a few days but I did have lots of questions, such as the relationship between business models and strategy or how do his ideas apply to non-profits (the field in which I work) and those were nicely addressed in the closing FAQ interview. If there are any problems, it's in the Kindle edition. The text and diagrams work out better than most Kindle ebooks (although the charts are at their minimum size limit; larger or zoomability would have been nice) but somehow the Kindle version reads the FAQ, Glossary, and Notes all as page 185 (even though it's simultaneously presented as Locations 2452-3092). That may not be a problem for most readers, but if you want cite a quotation from the book for a research paper or report, or want to jump to that section by page rather than location, you're dead in the water. This problem obviously lies with the publisher or Amazon, not the author.
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