michael porter

The object of strategic management is inherently complicated and we propose an early analysis of almost all case materials in this field as each of us has individual prejudice in the analysis. Several methodologies The choice of profit theory and industry chain is the first of many possible ways in the analysis process. Five competitive analyzes chosen by Michael Porter, which plays an important role in the field of strategic management, are equally true.

First of all, we recommend Joan Magretta's "Michael Porter's Understanding: Basic Guide to Competition and Strategy". It covers all the strategic elements developed by Michael Porter. And you can get all the wonderful ideas of Porter with easy-to-read books (business strategy type, 5 strengths, example of competitive advantage etc). Thirdly, I recommend the latest work by Mr. Chris Zucker and James Allen. "Founder's way of thinking: How to overcome the predictable growth crisis" This book is very interesting as it covers a typical strategic task, a way to keep your business growing.Both authors Is a partner of a famous strategy consulting firm Bain & Co.

Much of the modern key strategic concepts are often attributed to Michael Porter, chairman of Harvard Business School's Strategy and Competitiveness Institute. Most of my thinking on strategy comes from Porter's theory. If you have never heard about Potter, he is one of the most quoted business and economics in the world. The basic principle of Porter's strategic philosophy is simple: it creates more value than competition. This seems obvious, but in fact the term "value" has many complexities. How do you define values? In order to understand its value, it is necessary first to compare some basic business models and explore how they dynamically and proactively contribute to the market.

The value chain, also called Porter's Value Chain Analysis, is the concept of business management developed by Michael Porter. Michael Porter explains the value chain analysis in his book "Competitive Advantage" (1985); the value chain is a collection of activities that companies create to create value for their customers. Value creation creates added value, thereby creating a competitive advantage. Ultimately, added value also brings great profitability to the organization. The advantage of Porter's value chain analysis lies in its approach. Porter's value chain analysis focuses on customer-centered systems and activities, not category and accounting expense categories. The system interconnects systems and activities and shows the impact on costs and profits. Therefore, it clarifies the source of value and loss that can be seen in the (value chain analysis) organization.