June 2022
Intermediate to advanced
496 pages
11h 42m
English
Content preview from HBR at 100
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— 1979 —
CHAPTER FOUR How Competitive Forces Shape Strategy
by Michael E. Porter
The essence of strategy formulation is coping with competition. Yet it is easy to view competition too narrowly and too pessimistically. While one sometimes hears executives complaining to the contrary, intense competition in an industry is neither coincidence nor bad luck.
Moreover, in the fight for market share, competition is not manifested only in the other players. Rather, competition in an industry is rooted in its underlying economics, and competitive forces exist that go well beyond the established combatants in a particular industry. Customers, suppliers, potential entrants, and substitute products are all competitors that may be more or less prominent ...
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