Analysis Of The Book Pablo Picasso s Competitive...

Book Review One of the greatest artist Pablo Picasso once said, â€Å"Action is the foundational key to success†. Well, we all agree with this quote, but there are many variety of factors that also implies in aspect of life. In the field of business, one of the key elements that ultimately controls the destiny of an organization, is their competitive advantage in a particular industry. The competitive advantage is defined as â€Å"an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices†(Competitive Advantage | Business.). In order to deeper understand of competitive advantage in a firm, I chose to read the book â€Å"Competitive Advantage Creating And Sustaining Superior Performance† by Michael E. Porter. He is an economist, researcher, author and professor at Harvard Business School most of his career. His extensive researches and wrote many books abou t economic theory as well as strategy concepts that made him widely recognized in economics and field of business. Michael E. Porter believes that notion of the competition is often looked as too narrowly management of organizations. He introduces a new model that can change the way of competition analysis. Which is known as the Porter’s Five Forces model, and it mainly idea that the company competing with direct competitors, but also fight for profit with a broader extended set of competitors . It categorizes intoShow MoreRelatedThes Competitive Advantage For Success By Michael E. Porter1149 Words   |  5 PagesOne of the greatest artist Pablo Picasso once said, â€Å"Action is the foundational key to success†. Well, we all agree with this quote, but there are many variety of factors that also implies in aspect of life. In the field of business, one of the key elements that ultimately controls the destiny of an organization, is their competitive advantage in a particular industry. The competitive advantage is defined as â€Å"an advantage over competitors gained by offering con sumers greater value, either by meansRead MoreThe Mind of a Marketing Manager26114 Words   |  105 Pagesopportunities for your business today? How do you stand out in crowded markets? How do you deliver the best solutions for customers, and the best returns to shareholders? * Where should you focus amidst this complexity? What is your competitive advantage? Which markets, brands, products and customers should you prioritize in order to maximize value creation? * What is your defining purpose? How do you reflect the aspirations of your stakeholders? How could you make more of yourRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesmechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations