The Competitive Advantage of Nations

  • Title: The Competitive Advantage of Nations
  • Author: Michael E. Porter
  • ISBN: 9780684841472
  • Page: 463
  • Format: Hardcover
  • The Competitive Advantage of Nations Now beyond its eleventh printing and translated into twelve languages Michael Porter s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sust
    Now beyond its eleventh printing and translated into twelve languages, Michael Porter s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy Porter s groundbreaking study of international competitiveness has shaped national policy in countries around the world It has also transfNow beyond its eleventh printing and translated into twelve languages, Michael Porter s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy Porter s groundbreaking study of international competitiveness has shaped national policy in countries around the world It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America.Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient The book introduces Porter s diamond, a whole new way to understand the competitive position of a nation or other locations in global competition that is now an integral part of international business thinking Porter s concept of clusters, or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy Even before publication of the book, Porter s theory had guided national reassessments in New Zealand and elsewhere His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country Hundreds of cluster initiatives have flourished throughout the world In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.

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      463 Michael E. Porter
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      Posted by:Michael E. Porter
      Published :2019-02-13T19:31:51+00:00

    About Michael E. Porter


    1. Michael E Porter is the leading authority on competitive strategy, the competitiveness and economic development of nations, states, and regions, and the application of competitive principles to social problems such as health care, the environment, and corporate responsibility.Professor Porter is generally recognized as the Father of Strategy , as has been identified in a variety of rankings and surveys as the world s most influential thinker on management and competitiveness He has ranked 1 on Thinkers 50.He is the Bishop William Lawrence University Professor, based at Harvard Business School A University full professorship is the highest professional recognition that can be awarded to a Harvard faculty member In 2001, Harvard Business School and Harvard University jointly created the Institute for Strategy and Competitiveness, dedicated to furthering Porter s work.Professor Porter is the author of 17 books and over 125 articles He is the founder of elite strategy consulting firm, the Monitor Group.He received a B.S.E with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he was elected to Phi Beta Kappa and Tau Beta Pi He received an M.B.A with high distinction in 1971 from the Harvard Business School, where he was a George F Baker Scholar, and a Ph.D in Business Economics from Harvard University in 1973.


    196 Comments


    1. The business guru's analysis of how nations can compete in the global market by building capabilities and strengths that leverages their resources, culture and society. Years ago, Singapore had hired him to develop a strategic roadmap and the country is competing sucessfully in today's dog-eat-dog international market. The U.S. clearly has unique strengths and capabilities and if the government can encourage the development in these areas and outrun the competition, then we can continue to lead [...]

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    2. Michael Porter at Harvard is one of the most famous business professors in the world, if not the most famous. He is known for business strategy and the 5 forces model as well as cluster theory among other works. This book was on the determinants of national success. He takes a look at 8 nations among which are Germany, Sweden, Korea, Japan, Italy, and the United States. His point of measurement is the industry and the firms that make up the industry. Each nation has factor conditions or natural [...]

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    3. Michael Porter's theories are taught, often with little critique, around the world in business courses. His ideas are clear, the rationale behind them often understandable and solid. But business changes, and although we cannot expect printed words to evolve with the world around them, to set an economic model out as 'how things work' has proven ill-judged. The narrow band of nations from which Porter drew his conclusions has certainly not helped 'Competitive Advantage' avoid criticisms. Nor has [...]

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    4. This is one of my favorite books about the world and business. I first read it in grad school and it just spark so much within me. You don't have to be a business person to enjoy this book. It will just amaze you when you see how culture and national identity help to form some of the reasons you are successful.

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    5. Buku ini idenya hampir sama dengan buku Michael E. Porter on Competition, namun unit analisanya bergeser dari perusahaan ke negara. Selebihnya, buka-buka lagi dulu deh gue. :D

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    6. In his seminal work The Competitive Advantage of Nations, Michael Porter established that one of the four “determinants of national advantage” is “demand conditions.” [Porter, 1990, Figure 3-1]Nations gain competitive advantage in industries or industry segments where the home demand gives local firms a clearer or earlier picture of buyer needs than foreign rivals can have. Nations also gain advantage if homebuyers pressure local firms to innovate faster and achieve more sophisticated co [...]

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    7. I've been reading about business and economics regularly for well over a decade, and it takes a lot to introduce anything comprehensive that might surprise me on the subjects. This book met that standard by presenting a new perspective on the way national economies both progress and sustain advantage in industries. Porter analyzes the histories of nations around the world, presenting 8 national case studies to elucidate his findings. Along the way, he introduces the concept of economic clusters [...]

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    8. Although the book was published 2 decades ago and many of the ideas are now so popular that they are cliché, the overall thesis of this book with emphasis on competition and role of home demand, among others, could still good lessons to policy makers and business leaders in many countries. Vietnam, with its protectionist approach and habit of commanding the economy, can still find inspiration to resolve its struggle to home-grow industries such as automobile or to sustain telecom. Business lead [...]

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    9. Despite accolade on the book from the world, I found Porter's book about national competitiveness a but verbose, repeating the same points over and over again. Such reiterations have significantly distracted my attention to focus on the core messages. But his idea on national competitiveness, which is well represented with Porter's diamond, is unparalleled in its implications and insights. The book provokes the readers to think about what's true lever to grow a nation's economy in such a competi [...]

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    10. Porter's Diamond is a wonderful model which acts as the crux to the prime strategies and necessary conditions for national development. He stresses that US clearly has unique strengths and capabilities and if the government can encourage the development in these areas and outrun the competition, then we can continue to lead the global economy. He not only contributed to Singapore but also introduced to many Latin American Countries with the Porter model specially in the late nineties and 2000.

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    11. Porter's expansion of his landmark "On Competition" identifies investment in human capital and Porter's Diamond as the prime strategies and necessary conditions for national development. Singapore and the United Sates are cited as the leading examples.

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    12. Extraordinary scholarship. Developed and tested many new concepts. However many of them are now dated approaches to business as the market has changed, for example given the use of digital platforms in most economies today.

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    13. To a well-read student in economics, there is barely an original thought in this book. If you know nothing about economic history, it can be of use.

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    14. You need a "competitive factor disadvantage" in all things

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    15. Still a powerful methodology for assessing and identifying a country's true potential. Pre-Internet so it should be showing its age.

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