Editorial Review:
Now beyond its 11th printing and translated into twelve languages, Michael Porter's The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy. Porter's groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America.Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter's "diamond," a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of "clusters," or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. Even before publication of the book, Porter's theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.
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Customer Reviews
Average Customer Rating: 
Why do firms fail?  2008-08-06
Will a firm that exports finished manufactured goods make more money than a firm that exports raw materials?
The Raw Material depression that hit Latin America cause a massive deficit in the 1990s. Decreases in raw material commodity prices contributed to the increasingly large trade deficit with Japan. The US bought electronics and automobiles from Japan and Japan imported US agricultural. The continue drop in US agricultural commodity price accelerate the trade deficit.
Every nation specializes in specific SIC code domains. US refrigeration and cooling domains as companies like Trane and Carrier establish position and global market share . Latin America could hold the key to removing US trade deficit. The US exports finished goods to Latin America, Wheat, Soybeans, Rice, and Corn to Brazil. Brazil consumes large quantities of US products, acquires easy credit, and the trade deficit shrinks. Local protectionism can not compete against global market price. US ethanol price drive demand for corn and wheat. The US imports biofuels and wood products. Commodity demand booms and a rise in commodity prices occurs. Government regulation attempts to soften fluctuations in commodity prices and appease local demand. Short term relief is possible.
Decreased regulation, removal of trade barriers, and lower taxes help global firms become more competitive. Lower corporate taxes provide more foreign investment. The growth of firms will be associated with increased investment opportunity. Lower taxes help reduce the risk associated with return on investment burdens.
Mr.  2008-04-23
One of my favorites titles. I started my experience about Porter's Competitiveness by this book.
Great writting  2007-11-20
Recently pick up the book by lecturer recommendation, although its dry & boring with huge massive information but open up my mind and keep question the assumption in today market.
A Classic 2007-01-24
"The Competitive Advantage of Nations" gives insights into why and how industries, regions, nations or some social groups thrive or fall short. The book explains and presents the theory on the sources of sustained prosperity in the contemporary worldwide economy. This seminal work has assisted countries to develop national policy based on their international competitiveness.
Porter methodically and systematically discusses why some nations achieve continual economic prosperity. He explains the roles of governments and companies in economic development. The author shows the distinction between competitive advantage as a source of wealth and the concept of comparative advantage which had been until recent years the paradigm on thinking about international competition.
Porter based his research in 10 leading trading nations. The book introduced the author's "diamond" which is a new way of looking and comprehending the competitive advantage of a nation. His concept of "clusters" or groups of interconnected firms, suppliers, related industries and institutions in certain locations opened a unique way for organizations and governments to look at economies and assess the competitive advantage of locations and set public policy.
This weighty tome is recommended reading for entrepreneurs, business executives, policy makers, economists and other readers who are interested in ensuring that companies can successfully face the future based on pragmatic assessment of how the firm can gain competitive advantage.
Strategy - It's a matter of life and death 2005-05-02
As an active Business Consultant I'm often appalled at the lack of disregard for the importance of strategy. It's a matter of life and death (at least for your company).
"Vision without action is a daydream. Action without vision is a nightmare." - Japanese proverb
Why read a book on strategy? Quite simply, to be successful. Technology and globalization culminated in ferocious competition for virtually all industries. To be competitive in today's world, you must understand that all value is derived from the customer. Therefore, you will do well to delve deep into how to create value for the customer.
Competition is becoming increasingly global. Therefore, it is in your best interest to understand how national, international, and governmental issues affect your industry and hence, your company.
Third in Porter's landmark trilogy, Competitive Advantage of Nations, somewhat different from his first two books, focuses less on industries and companies themselves, and more on how a firm actually gains an advantage over its rivals.
Competitive Advantage of Nations consists of four parts:
Part I - Foundations, presents the theoretical frameworks which form the basis for the rest of the book. In Chapters 2, 3 and 4 Porter revisits most of his previous work, such as the five competitive forces, generic strategies, the value chain, and the advantages "diamond".
Part II - Industries, frameworks of Part I are applied to explain the histories of four industries (German printing press, American patient monitoring equipment, Italian ceramic tiles, and Japanese robotics). In addition, Porter applies the frameworks to the service sector.
Part III - Nations, frameworks of Part I are applied to ten nations. Porter splits these ten nations up in early post-war winners, emerging nations in the 1970s and 1980s, and the traditional business countries (Britain and USA).
Part IV - Implications, Porter discusses the impact of the frameworks of Part I on company's strategies and government policies. In the final chapter Porter tries to answer the question, "What of the future?" According to Porter "the central economic concern of every nation should be the capacity of its economy to upgrade so that firms achieve more sophisticated competitive advantages and higher productivity. Only in this way can there be a rising standard of living and economic prosperity."
In summary, Competitive Advantage is a must read for any Aspiring Entrepreneur. To lead your company into the future you must create and capture value. Reading this book will help you better understand how firms within industries gain a competitive advantage. Don't be blindsided by the comfort of the moment, prepare for the future now.
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Michael Davis, President - Brencom Strategic Business Consulting
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