“The essential complement to the path-breaking book Competitive Strategy, Michael E. Porter’s Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter’s groundbreaking concept of the value chain disaggregates a company into “activities,” or the discrete functions or processes that represent the elemental building blocks of competitive advantage.”
Competitive Advantage, 1985
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Michael E. Porter 13
American engineer and economist 1947Related quotes

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Civilized Man's Eight Deadly Sins (1973)
Context: The competition between human beings destroys with cold and diabolic brutality.... Under the pressure of this competitive fury we have not only forgotten what is useful to humanity as a whole, but even that which is good and advantageous to the individual.... One asks, which is more damaging to modern humanity: the thirst for money or consuming haste... in either case, fear plays a very important role: the fear of being overtaken by one's competitors, the fear of becoming poor, the fear of making wrong decisions or the fear of not being up to snuff.

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“The ability to learn faster than competitors may be the only sustainable competitive advantage.”
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Cited in: Robert Slater (1998), Jack Welch & The G.E. Way: Management Insights and Leadership. p. 12
Ikujiro Nonaka (1991), "The Knowledge-Creating Company", Harvard Business Review 69 (6 Nov-Dec): 96–104