Strategy, Business Information and Analysis Essay - 1

Strategy, Business Information and Analysis - Essay ExampleIn particular, porters beer has contributed mainly the following five forces model (1980) generic wine agonistic strategies of cost leadership, product differentiation, and focus (1980 1985) competitive advantage (1985 1987) four corners model (1980) value twine (1985) diamond model (1990), and market positioning strategies. Since Porters contributions have created a pervasive influence on business theory and practice, a stria of strategists from different fields have considered examining, recommending or applying his ideas. Nonetheless, given that his contributions have received widespread attention, it is the case that his ideas have been subject to criticisms. As a matter of incident, scorn the fact that it made his 1980 book entitled war-ridden Strategy the ninth most influential management book of the 20th history (Bedeian & Wren, 2001 223), Porters five forces model received criticisms. In this regard, this pape r delves mainly at critically analyzing and evaluating Michael Porters contribution to the field of strategic management. In distinguish to give more focus and attention to the works of Porter to the strategic management area, this paper is limited to evaluating only ternion contributions. Basically, it aims at answering three points. First, it plans to look at Porters concept of competitive advantage. After analyzing the concept, second, this paper examines one of the specific types of strategies, his five forces model. The consideration of choosing this particular contribution is because of the fact that despite this model made his book the ninth most influential management book of 20th history, still, it received criticisms. Third, it also intends to assess his generic competitive strategies of cost leadership, product differentiation and focus. This work is selected because he considers such strategies to be generic. Meanwhile, the exigency to critically assess Porters contrib ution is because there is a need to understand why he has happened to be one of the most influential characters in the field of strategic management. This paper is of significance because it offers a deeper taste of key concepts, ideas and debates in the said field. Likewise, the importance of this paper is that it can offer a critique of Porters work. To pursue the objective of this paper, this paper is organise in giving initially an overview of each contribution of Porter which is then followed by a particular critique of his work competitive advantage, five forces model, and generic competitive strategies of cost leadership, product differentiation and focus. Lastly, it discusses the outcomes of this critical assessment. A Critical Assessment of Michael Porters Contribution to the Field of Strategic Management Overview of Competitive Advantage As a concept, competitive advantage is meant by Porter (1980) as a competence achieved via attributes as well as resources in fix for higher level performance relative to