Actuarial Notes

Understanding Michael Porter: The Essential Guide to Competition and Strategy

By Joan Magretta · Harvard Business Review Press · 2012

Study guide: Exam CP-311

A concise summary of Michael Porter's frameworks (competitive advantage, the value chain, five forces, industry structure, differentiation and relative cost), written with Porter's cooperation by Joan Magretta, his former editor at Harvard Business Review. It corrects common misconceptions about his concepts, uses fresh examples, and adds an original Q&A with Porter answering managers' FAQs.

On the syllabus

  • Exam CP-311 — Chapters 1 to 7, each for outcomes 1a and 1b: Ch. 1 Competition: The Right Mind-Set; Ch. 2 The Five Forces: Competing for Profits; Ch. 3 Competitive Advantage: The Value Chain and Your P&L; Ch. 4 Creating Value: The Core; Ch. 5 Trade-Offs: The Linchpin; Ch. 6 Fit: The Amplifier; Ch. 7 Continuity: The Enabler.

1 Competition: The Right Mind-Set

2 The Five Forces: Competing for Profits

3 Competitive Advantage: The Value Chain and Your P&L

4 Creating Value: The Core

5 Trade-Offs: The Linchpin

6 Fit: The Amplifier

7 Continuity: The Enabler

Epilogue: A Short List of Implications

Sources