Competitive Strategy is the most important works of Michael E. Porter, who is an outstanding economist on the competition. On the basis of his book, this thesis describes Porter's Competitive Strategy comprehensively and profoundly. The body of this thesis is devised into four parts: Part one describes the history situation in which Porter put forward his theory; Part two summarizes the main contents of 'Competitive Strategy'; Part three firstly describes the contributions of Porter's theory on the field of study and corporation, secondly this part points out some defects of the theory; Part four describes the significance of the theory on the China corporations.
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