Understanding Michael Porter
The Essential Guide to Competition and Strategy
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Narrated by:
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Erik Synnestvedt
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By:
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Joan Magretta
About this listen
A Distillation of The Most Important Business Thinking of Our Time
Michael Porter’s groundbreaking ideas on competition and strategy have unfolded over three decades and are spread across a dauntingly long list of publications. Every manager can name individual pieces of his work - competitive advantage, the value chain, five forces - but no one, not even Porter himself, has put the entire puzzle together to reveal it as an integrated whole. This lucid, concise audiobook does just that. Written with Porter’s full cooperation by Joan Magretta, his former editor at Harvard Business Review, this book provides an engaging summary of Porter’s ideas and an invaluable synthesis of this important body of work, making clear how each of Porter’s powerful concepts relates to the others and, most important, to the practical realities managers face.
Modern thinking about competition and strategy begins with Porter’s frameworks. They are the most widely used in practice by managers around the world. But as Magretta points out, Porter is often misunderstood and his frameworks misapplied. Magretta’s own wide-ranging business experience allows her to identify the most common of these misconceptions - among them, the deeply held but dangerous belief that competition is about being the best. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom.
Understanding Michael Porter will enable all leaders throughout any organization to grasp Porter’s seminal ideas about competition and strategy and deploy them to achieve competitive success.
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In the past few years, a number of well-known firms have failed; think of Blockbuster, Kodak, or RadioShack. When we hear about their demise, it often seems inevitable - a natural part of "creative destruction." But closer examination reveals a disturbing truth: Companies large and small are shuttering more quickly than ever. What does it take to buck this trend? The simple answer is: ambidexterity. Firms must remain competitive in their core markets, while also winning in new domains.
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Very very inspirational to me.
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- Unabridged
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Imagine what Atari might have achieved if Steve Jobs had stayed there to develop the first massmarket personal computer. Or what Steve Case might have done for PepsiCo if he hadn't left for a gaming start-up that eventually became AOL. What if Salomon Brothers had kept Michael Bloomberg, or Bear Stearns had exploited the inventive ideas of Stephen Ross? Scores of top-tier entrepreneurs worked for established corporations before they struck out on their own and became self-made billionaires.
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Waste of time!
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To make these big moves happen for your company, you’re going to have to break through inertia, gamesmanship, and risk aversion. You’re going to have to mitigate human biases and manage group dynamics. Eight practical shifts can help you do this, and unlock bigger, bolder, better strategies. This is not another by-the-book approach to strategy. It’s not another trudge through frameworks or small-scale case studies promising a secret formula for success. It’s an irreverent, fact-driven, and humorous take on the real world of strategic decision making.
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Ok beginning, superb finish
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The Amazon Way on IoT is for the leader who wants to understand how the Internet of things is transforming business and society. Listeners will discover business cases, key concepts, technologies and tools to help develop, explain and execute their own IoT approach through understanding Amazon's and other leading companies sophisticated IoT technologies and strategies.
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Very insightful, but quite boring
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What to Do When Machines Do Everything is a guidebook to succeeding in the next generation of the digital economy. When systems running on artificial intelligence can drive our cars, diagnose medical patients, and manage our finances more effectively than humans, it raises profound questions on the future of work and how companies compete.
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Assumes that machine learning will grow very slow
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“What would Jeff do?” Since leaving Amazon to advise start-ups and corporations, John Rossman has been asked this question countless times by executives who want to know “the secret” behind Amazon’s historic success. In this step-by-step guide, he provides 50½ answers drawn from his experience as an Amazon executive - and shows today’s business leaders how to think like Amazon, strategize like Bezos, and beat the competition like nobody’s business.
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A must read if you really want to innovate like Amazon
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Makes perfect sense
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In The Second Machine Age, Andrew McAfee and Erik Brynjolfsson predicted some of the far-reaching effects of digital technologies on our lives and businesses. Now they’ve written a guide to help listeners make the most of our collective future. Machine | Platform | Crowd outlines the opportunities and challenges inherent in the science fiction technologies that have come to life in recent years, like self-driving cars and 3D printers, online platforms for renting outfits and scheduling workouts, or crowd-sourced medical research and financial instruments.
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Both How AND Why for Techies
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The best companies in the world discover what their customers desire - and then deliver it in memorable and deeply human experiences. How well do you know your customers? What Customers Crave examines how the hyper-connected economy is radically changing consumer expectations, and reveals what companies need to do to stay on top. The solution rests on two simple questions: What do your customers love? What do they hate? Find the answers, and you're well on your way to success
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Must read if you are looking for a way to improve your business
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Design to Grow
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In Design to Grow, a Coca-Cola senior executive shares both the successes and failures of one of the world's largest companies. In this rare and unprecedented behind-the-scenes look, David Butler and senior Fast Company editor Linda Tischler, use case studies to show how this works at Coca-Cola - and how other companies can use the same approach to grow their business. This audiobook is a must for managers inside large corporations as well as entrepreneurs just getting started.
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Great content, difficult narration
- By nicholas hork on 05-06-15
By: David Butler, and others
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What listeners say about Understanding Michael Porter
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Martin Fierro
- 05-30-15
An Excellent Synopsis of Michael Porter
This is a concise distillation of Michael Porter, who changed the academic business world by his insights on competition and business strategy.
The summary is written by Joan Magenta, a Bain Capital alum who worked directly with Porter. It is accurate to the original Porter material. It even captures the evolution of Porter's insights over the years.
Because of the author's own experience in the business world (as opposed to having only academic business experience) the principles are presented so they can be readily understood by business professionals.
Magretta's experience as an editor shows in her writing style. She writes concisely, precisely, and with humor. I didn't expect to laugh while reading a precis of deep academic work. But I did. Bravo.
If you don't have the time to digest years of Porter, this short work will serve you well.
On the other hand, if you studied Porter, but your "Five Forces" summary is getting rusty, this is a great refresher.
Finally, if your MBA came, not from Harvard Business School, but was awarded by the business school of hard knocks, this will give you insight into an important part of what your MBA-burnished colleagues were supposed to have learned about competition and business strategy. You may even find that Magretta imparts more Porter than your business school associates can recall.
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- Technophobe01
- 11-11-18
A fine read - highly recommended
Understanding Michael Porter covers the core curriculum of Porters thinking on Strategy. The book does a fine job of framing and explaining the key concepts of the Porter approach to Strategy. I particularly liked the framing and use of examples in the first half of the book.
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- Andrey Norin
- 12-25-18
Top of the shelf business book.
This book is amazing. Everything is very clearly laid out, and there is no filler.
The narrator does sounds like Steve Martin at times, but that is easily overlooked - I have certainly heard worse.
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- Amanda Larson
- 01-10-24
Excellent Synthesis of Strategy Masterworks
Strategy expert and author does a great job modernizing and orchestrating Porters seminal works on strategy.
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- James F.
- 05-22-12
Useful information
What made the experience of listening to Understanding Michael Porter the most enjoyable?
The contents of the audio book will provide good reference points for individuals new to strategy. Many everyday conventions readily accepted in the work place are competently dismissed using Porter's models. Even if you don't come away with a complete understanding of strategy, you will undoubtedly acquire new ways of thinking about strategy and competitive advantage. Porter's 1996 Harvard Business Review article, "What is Strategy?" is a good bite-sized companion to this audio book. It is readily available online.
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- hawkinbj
- 08-04-22
Awful narration- read the book
Narrator tries to sound sophisticated and completely distracts from the content. Hopefully the end of his narration career. Unlistenable
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- Amazon Customer
- 08-06-18
A very handy digest of Michael Porter's thought
Michael Porter's influential ideas are developed and presented over many books and articles and include multiple examples. I would assume that MBA's specializing in strategy will have read much of that material, but for the rest of us there is Joan Magretta's book. It feels like an excellent primer that highlights the conceptual cohesion behind Michael Porter's thought. The shortest HBR collection of Porter's articles is at least twice as long as this book, so it really makes sense to start here to get the high-level concepts down before taking the plunge into the original works. It's not that Porter is difficult to understand, it's just that it takes a while to tease out the relationships between different concepts, and not all of us lay people have the bandwidth for that.
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- pedtech707
- 05-10-23
Clear and actionable
After years of observing, less than clear and compelling strategies, or feeling like those conversations happen outside of my view, this helps explain so much about how to make strategy effective in my current and future rules.
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- luis gonzalez
- 01-02-24
Horrible narrator
Very hard to focus by the way the book was narrated. This is the first time it happened to me, I’ve listened to at least 50 books so far
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- @mscottmorris
- 11-18-16
Great synopsis of Porter's work
Loved the content, but dit NOT like the narrator's snarky voice, particularly on the ending of sentences/phrases.
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2 people found this helpful