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Competition, Competitive Advantage, and ClustersThe Ideas of Michael Porter$
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Robert Huggins and Hiro Izushi

Print publication date: 2011

Print ISBN-13: 9780199578030

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199578030.001.0001

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Antecedents and precedents to Porter's Competitive Strategy

Antecedents and precedents to Porter's Competitive Strategy

(p.57) 4 Antecedents and precedents to Porter's Competitive Strategy
Competition, Competitive Advantage, and Clusters

Robert E. Hoskisson (Contributor Webpage)

Michael A. Hitt (Contributor Webpage)

William P. Wan

Daphne Yiu

Oxford University Press

This explores the influence IO economics has exerted on the theoretical and methodological frameworks of strategic management research, highlighting the significance of Porter's work in furthering its development. Applying the structure-conduct-performance framework of IO economics, Porter built a foundation for research on competitive dynamics: a description of the forces that determine the nature and level of competition in an industry, as well as suggestions for how to use this information to develop competitive advantage. The chapter shows that strategic management has evolved into a firmly established field in the study of business and organizations, advancing from its ‘humble’ beginnings as the limited content of a capstone general management course in the business school curriculum.

Keywords:   Michael Porter, competitive strategy, competitive advantage, structure-conduct-performance, industrial organization

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