Tag Archives | Porter

Seven Surprises

The Seven Surprises is a business framework described by Michael Porter, Jay Lorsch, and Nitin Nohria.  It describes surprises or unexpected challenges for new CEOs.  This concept was introduced in an HBR article titled “Seven Surprises for New CEOs.” As a newly appointed CEO, one may think to finally have the power to set strategy. [...]

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Porter’s Five Forces

Porter’s Five Forces analysis is a business framework for industry analysis and business strategy development. It draws upon industrial organization economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An unattractive industry is one in which the combination [...]

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Vertical Integration

In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It is contrasted with horizontal [...]

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Value Chain

A Value Chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes from business management and was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.  [...]

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Diamond Model

The diamond model is an economical model developed by Michael Porter in his book The Competitive Advantage of Nations, where he published his theory of why particular industries become competitive in particular locations.The model can also be used for major geographic regions.   Afterwards, this model has been expanded by other scholars. The approach looks at [...]

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Competitive Advantage Framework

Competitive Advantage is a business theory proposed by Michael Porter in 1985. This theory suggests that states and businesses should pursue policies that create high-quality goods to sell at high prices in the market. Porter emphasizes productivity growth as the focus of national strategies. Competitive Advantage rests on the notion that cheap labor is ubiquitous [...]

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