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Competitive Advantage of Nations, by Michael E. Porter

Competitive Advantage of Nations, by Michael E. Porter



Competitive Advantage of Nations, by Michael E. Porter

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Competitive Advantage of Nations, by Michael E. Porter

With the publication of his best-selling books "Competitive Strategy (1980) and "Competitive Advantage (1985), Michael E. Porter of the Harvard Business School established himself as the world's leading authority on competitive advantage. Now, at a time when economic performance rather than military might will be the index of national strength, Porter builds on the seminal ideas of his earlier works to explore what makes a nation's firms and industries competitive in global markets and propels a whole nation's economy. In so doing, he presents a brilliant new paradigm which, in addition to its practical applications, may well supplant the 200-year-old concept of "comparative advantage" in economic analysis of international competitiveness. To write this important new work, Porter and his associates conducted in-country research in ten leading nations, closely studying the patterns of industry success as well as the company strategies and national policies that achieved it. The nations are Britain, Denmark, Germany, Italy, Japan, Korea, Singapore, Sweden, Switzerland, and the United States. The three leading industrial powers are included, as well as other nations intentionally varied in size, government policy toward industry, social philosophy, and geography. Porter's research identifies the fundamental determinants of national competitive advantage in an industry, and how they work together as a system. He explains the important phenomenon of "clustering," in which related groups of successful firms and industries emerge in one nation to gain leading positions in the world market. Among the over 100 industries examined are the German chemical and printing industries, Swisstextile equipment and pharmaceuticals, Swedish mining equipment and truck manufacturing, Italian fabric and home appliances, and American computer software and movies. Building on his theory of national advantage in industries and clusters, Porter identifies the stages of competitive development through which entire national economies advance and decline. Porter's finding are rich in implications for both firms and governments. He describes how a company can tap and extend its nation's advantages in international competition. He provides a blueprint for government policy to enhance national competitive advantage and also outlines the agendas in the years ahead for the nations studied. This is a work which will become the standard for all further discussions of global competition and the sources of the new wealth of nations.

  • Sales Rank: #2612570 in Books
  • Published on: 1990-05-01
  • Ingredients: Example Ingredients
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.50" h x 6.25" w x 1.75" l,
  • Binding: Hardcover
  • 896 pages
Features
  • Global Societies

From Publishers Weekly
Harvard economist Porter suggests that it is no accident that Japan leads in exporting electronics and computer-controlled machinery, Italy in fabrics and home furnishings, and the U.S. in software, medical equipment and movies. In each of the 10 countries that he and his international research team investigated, clusters of firms gained a global competitive edge by capitalizing on innovation, raising productivity, and drawing on unique elements of their country's history and character. Porter, who served on Reagan's Commission on Industrial Competitiveness, sees government's proper role as pusher and challenger, rather than as giver of subsidies to protect industries. Stressing renewed effort and competition as keys to gaining global advantage, he questions regulations that would limit competition and recommends enforcement of U.S. antitrust laws to end monopolistic mergers. This massive, impressive, salient tome is structured so that business executives, economists, policymakers and ordinary readers can turn to the sections most relevant to their needs. 50,000 first printing; first serial to Fortune.
Copyright 1990 Reed Business Information, Inc.

From Library Journal
Building on his Competitive Strategy ( LJ 10/1/80) and Competitive Advantage ( LJ 3/1/86), which dealt with competition among companies, Porter here presents a new theory to explain global success. He identifies the fundamental determinants of national competitive advantage in an industry, shows how they work together as a system, and examines "clustering," in which groups of successful firms and industries emerge in one country to gain leading positions in the world market. This important work, based upon research conducted in ten nations, provides important data for both companies and governments. Highly recommended for academic, corporate, and large public libraries.
- Leonard Grundt, Nassau Community Coll. Lib., Garden City, N.Y.
Copyright 1990 Reed Business Information, Inc.

Review
Shinji Fukukawa former Vice Minister, MITI, Japan The Competitive Advantage of Nations creates a new sphere in economics: an innovative socio-economic approach that will bring fresh insights to economists and industrialists. -- Review

Most helpful customer reviews

2 of 2 people found the following review helpful.
Good stuff, especially paired with classics like Smith and Keynes
By Yitch
Part of the series in Porter's Competitive advantage. Interesting ideas especially when paired with Wealth of nations and Keynes (if you can sit through)

1 of 1 people found the following review helpful.
bold model & great read
By Slobodan Blazeski
Great model that explains the competitiveness of world leading industries illustrated by even better examples. The author has a great writing style that made this lengthy book fun read.
The model is far from applicable in all industries even all traceable industries, but it still explains a lot.Essentially, all models are wrong, but some are useful.
Where the model limitations are see the paper Porter's competitive advantage of nations: Time for the final judgement

0 of 0 people found the following review helpful.
Porter at the macro scale.
By Nicholas S. Miceli
Porter's writing is clear and direct. With his works, he has made economics, at all levels of analysis (micro, macro) clear and understandable for the interested reader. I recommend all of his works for the reader who truly wants to understand strategy and competitive advantage.

See all 28 customer reviews...

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