Famous Strategist Flashcards
1. Michael Porter
(Competitive Strategy & Competitive Advantage)
🔹 Five Forces Model – Analyzes industry competitiveness (threat of new entrants, bargaining power of buyers/suppliers, threat of substitutes, and competitive rivalry).
🔹 Generic Strategies – Cost leadership, differentiation, and focus strategies for achieving competitive advantage.
🔹 Value Chain Analysis – Helps businesses identify activities that create value and drive cost efficiency.
📖 Key Book: Competitive Strategy: Techniques for Analyzing Industries and Competitors
**2. Henry Mintzberg **
(Emergent Strategy & Strategy as a Process)
🔹 Five Ps of Strategy – Strategy as Plan, Ploy, Pattern, Position, and Perspective.
🔹 Deliberate vs. Emergent Strategy – Challenges the idea that strategy is always planned, arguing that it often emerges over time.
🔹 10 Schools of Strategic Thought – Categorized different ways companies approach strategy, from prescriptive (planning-based) to descriptive (learning-based).
📖 Key Book: The Rise and Fall of Strategic Planning
- Igor Ansoff
(Growth Strategies & Strategic Management)
🔹 Ansoff Matrix – Four strategies for growth: Market Penetration, Market Development, Product Development, and Diversification.
🔹 Pioneered Strategic Management as a discipline, focusing on aligning a company’s capabilities with environmental opportunities.
📖 Key Book: Corporate Strategy
- Peter Drucker
(Management by Objectives & Strategy in Knowledge Economy)
🔹 Management by Objectives (MBO) – Setting clear, measurable goals to align company strategy with individual performance.
🔹 Emphasized the role of innovation, knowledge work, and entrepreneurship in strategy.
🔹 Stressed the importance of external environment analysis in strategic decision-making.
📖 Key Book: The Practice of Management
- Jay Barney
(Resource-Based View - RBV of Strategy)
🔹 VRIO Framework – Competitive advantage comes from resources that are Valuable, Rare, Inimitable, and Organized.
🔹 Argues that internal capabilities (not just external forces) determine a firm’s success.
📖 Key Book: Gaining and Sustaining Competitive Advantage
