Publisher: Portfolio, 2005, 399 pages
ISBN: 1-59184-057-0
Keywords: Strategy
In Competition Demystified, Bruce Greenwald, one of the nation's leading economists, presents a new and simplified approach to business strategy that cuts through much of the fog that has surrounded the subject. Based on his hugely popular course at Columbia Business School, Greenwald and co-author Judd Kahn offer an easy-to-follow method for understanding the competitive structure of your industry and developing an appropriate strategy for your specific position.
Over the last two decades, the conventional approach to strategy taught in business schools (based on Michael Porter's work in the 1970s and 1980s) has become frustratingly complex. It's easy to get lost in a sophisticated model of your competitors, suppliers, buyers, substitutes, and other players, while losing sight of the big question: Are there barriers to entry that allow you to do things that other firms cannot?
After establishing the overriding importance of barriers to entry, Greenwald and Kahn argue that:
The authors illustrate their principles with detailed examples drawn from prominent companies in a wide range of industries, including Wal-Mart, Coors, Cisco, Apple, Microsoft, Intel, Kodak, Sotheby's, Fox Broadcasting, and Coca-Cola.
Competition Demystified is an indispensable book for business leaders and will change the way strategy is taught for years to come.
An interesting take on Competitive Strategy. The authors make the case that the only of the five forces that you should care about is the Barriers of Entry, and proceeds to rather long-winding try to prove it. Reading this in 2015 (the book is written in 2005), you easily detect that a lot of their reasoning and examples are plain wrong and in hindsight ridiculous. With that said, they have some interesting viewpoints, that could be valid to be aware of (even if I personally don't share them), so I have to give it a decent rating anyway.
Don't put it on the top of your reading list, but it should be read if for no other reason than to make you think in alternative ways.
Comments
There are currently no comments
New Comment