Michael E. Porter's scientific contributions

Publication (1)

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.


... According to Li et al. (2021), this preference may be attributed to tourists' perceptions of infection risk, and some destinations were generally perceived to be more unsafe than others. Additionally, the strategic management literature suggests that these differences might be explained by the industry's characteristics (Porter, 1989) and the intrinsic factors/resources of the firms (Barney, 2001). Smaller accommodation establishments (fewer rooms) located outside urban areas may have been perceived as safer. ...