• Understanding Michael Porter

  • The Essential Guide to Competition and Strategy
  • By: Joan Magretta
  • Narrated by: Erik Synnestvedt
  • Length: 6 hrs and 4 mins
  • Unabridged Audiobook
  • Release date: 12-12-11
  • Language: English
  • Publisher: Gildan Media, LLC
  • 4.5 out of 5 stars 4.4 (421 ratings)

Regular price: $20.72

Membership details Membership details
  • A 30-day trial plus your first audiobook, free.
  • 1 credit/month after trial – good for any book, any price.
  • Easy exchanges – swap any book you don’t love.
  • Keep your audiobooks, even if you cancel.
  • After your trial, Audible is just $14.95/month.
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $20.72

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Add to Library for $0.00

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

A Distillation of The Most Important Business Thinking of Our Time
Michael Porter’s groundbreaking ideas on competition and strategy have unfolded over three decades and are spread across a dauntingly long list of publications. Every manager can name individual pieces of his work - competitive advantage, the value chain, five forces - but no one, not even Porter himself, has put the entire puzzle together to reveal it as an integrated whole. This lucid, concise audiobook does just that. Written with Porter’s full cooperation by Joan Magretta, his former editor at Harvard Business Review, this book provides an engaging summary of Porter’s ideas and an invaluable synthesis of this important body of work, making clear how each of Porter’s powerful concepts relates to the others and, most important, to the practical realities managers face.
Modern thinking about competition and strategy begins with Porter’s frameworks. They are the most widely used in practice by managers around the world. But as Magretta points out, Porter is often misunderstood and his frameworks misapplied. Magretta’s own wide-ranging business experience allows her to identify the most common of these misconceptions - among them, the deeply held but dangerous belief that competition is about being the best. Understand Porter and you will see why competing to be the best sparks an inevitable race to the bottom.
Understanding Michael Porter will enable all leaders throughout any organization to grasp Porter’s seminal ideas about competition and strategy and deploy them to achieve competitive success.
©2011 Joan Magretta (P)2011 Gildan Media Corp
Show More Show Less

Customer Reviews

Most Helpful
4 out of 5 stars
By Brad on 02-29-12

Excellent book... but the narrator kills it

Any additional comments?

The content of this book is excellent and it is one of the best books I have read on commercial strategy in a long time. It is a really thorough and clever summary of Porter's work, presented in a really accessible way. I have read a lot of Michael Porter's work previously but I still found that I got a lot out of this in the more 'macro' form it is presented in here. Unfortunately, the narrator makes it really hard to follow at some parts which in my view made this hard to get through. I nearly abandoned the audio and bought the kindle version just so i could stop listening to him.

Read More Hide me

18 of 18 people found this review helpful

4 out of 5 stars
By Douglas C. Bates on 07-06-12

Clearer Than The Original

The writing of many great thinkers can be difficult to follow. Their great points are often much clearer in the hands of other writers. Author Joan Magretta demonstrates this with the works of Michael Porter. It seems that most executives are aware of Porter, but few bother to read Porter because it's difficult reading. Magretta's work takes that barrier away.

Everyone directly involved in business strategy needs to know Porter's thinking. "Understanding Michael Porter" is an excellent way to do it.

One of the biggest and most common flaws Porter finds with typical business strategies is that they fall into the trap of thinking that if the company is the best at something, that will make the company successful, and further that there's something unique that the company can do to be the best. In reality, all the competitors are working hard to execute well. Striving to be the best is a zero-sum game that has everyone copying everyone else and that does not lead to profitability. Rule #1 is not to make this mistake.

From there, Porter gets more complicated, describing the various types of strategies that can lead to superior profitability. The key thing is differentiation. Managers must make emotionally difficult decisions to ignore some opportunities so that they can focus on others.

In my consulting work, I apply a simple test to determine whether the strategy avoids the error of aiming just to be the best and embraces differentiation. Write out the strategy in one or a few sentences. Reverse the meaning of the strategy statement. If the result sounds somewhat plausible as a strategy, then you have a real strategy. If the result sounds ridiculous, then you have a ridiculous strategy.

Several reviewers have commented negatively on the performance given here by Erik Synnestvedt. I concur. The reader has an odd and annoying sing-songy drawing out of the end of most sentences, depending on the vowel sounds involved. You can hear it in the sample. At first it doesn't seem so bad, but after a couple of hours of it, it gets increasingly annoying and distracting.

Read More Hide me

17 of 17 people found this review helpful

See all Reviews

Customer Reviews

Most Helpful
3 out of 5 stars
By Jakob on 01-14-12

Decent

The book is fine, if not very helpful. as the description says Magretta does not try to teach you anything you cannot get from Porter himself. She only tries to build examples that would make Porters points more clear. The narrator however is something else, never before have I heard a more annoying reading of a book. He blitzes through most of the text and then for some reason draws out the last word of almost every sentence.

Read More Hide me

3 of 3 people found this review helpful

5 out of 5 stars
By Piotr on 05-18-17

it is more clear than Porter himself

it is more clear than Porter himself.
well read.
factual.
plenty of good examples.
i honestly recommend this audiobook

Read More Hide me
See all Reviews

Customer Reviews

Most Helpful
5 out of 5 stars
By Phill Russell on 04-30-16

Great summary of Porter

Great book bringing together the basics of Porter in a very accessible format, great book

Read More Hide me
See all Reviews