1989/01/01 by Michael E. Porter · 7 citations
Business, Management and Accounting · #Business Strategy and Innovation
paper · doi:10.1007/978-1-349-20317-8_10
openalex publication_date 1989/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/02
The essence of strategy formulation is coping with competition. Yet it is easy to view competition too narrowly and too pessimistically. While one sometimes hears executives complaining to the contrary, intense competition in an industry is neither coincidence nor bad luck.