Competitive Advantage

Creating and Sustaining Superior Performance

Michael E. Porter

The book introduces the concept of competitive advantage through value chain analysis and differentiation, explaining how companies can achieve and maintain superior performance by delivering greater value to customers or creating comparable value at a lower cost. It provides frameworks for diagnosing competitive position and guiding strategic decision-making to outperform rivals.

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Competitive Advantage of Nations

Creating and Sustaining Superior Performance

Michael E. Porter

The book introduces the concept of national competitive advantage, explaining how countries can create and sustain economic prosperity through innovative industry practices and robust local business environments. It outlines the "diamond" framework, which consists of four interrelated determinants—factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry—that shape the competitive advantage of nations.

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