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Business Strategy and Competitive Advantage: A Reinterpretation of Michael Porter's Work

Business Strategy and Competitive Advantage: A Reinterpretation of Michael Porter's Work

Paperback

Series: Routledge Research in Strategic Management

Business GeneralManagement

ISBN10: 1032416688
ISBN13: 9781032416687
Publisher: Routledge
Published: Oct 7 2024
Pages: 208
Weight: 0.59
Height: 0.41 Width: 6.00 Depth: 9.00
Language: English

Michael Porter is recognized as one of the top authorities on corporate strategy and business competition. The historical review of strategic management clearly shows that Porter's research has bridged up two general paradigms (before and after the 1980s) thus helping both researchers and practitioners to better understand unanticipated global changes. His two generic strategies: costs and diversification, the two interdependent strategic options, are key in the context of the competitiveness of orthodox microeconomic theory. This is where Porter went further, constructing a popular value chain concept that provides the ability to disaggregate the key activities of business process in creating products and services in terms of cost analysis and value creation.

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