Different Views On Business Strategies Essay

2133 words - 9 pages

CONTENTS

Acknowledgement 1
INTRODUCTION 1
PORTER'S VIEW ON BUSINESS STRATEGY: 2
Five competitive forces model: 2
Limitations of Five Forces Model: 5
GENERIC STRATEGIES 5
Limitations of Generic Strategies 7
Conclusion 7
Bibliography 9

Acknowledgement
First praise is to Allah, the Almighty, on whom ultimately we depend for sustenance and guidance. I would like to express my gratitude and appreciation to all those who gave me the possibility to complete this assignment.
I am equally grateful to my lecturer PM Dr Azman Che Omar. He gave me moral support and guided me in different matters regarding the topic. He has been very kind and patient, whilst suggesting to me the outlines of this assignment, and correcting my doubts. I thank to him for his overall support.
A special thanks to my friends, who helped me to assemble the parts and gave suggestion about this assignment. Last but not least, I would like to thank to my parents and family who understand the importance of this assignment.

My similarity index is not more than 50%.

INTRODUCTION
The strategic management has established and developed itself as an independent and different field of study in the 1950s and 1960s. The discipline draws from earlier thinking and texts on 'strategy' dating back thousands of years. The significance of this discipline has been increasing rapidly due to its role in an effective and efficient management. On the other hand, this field of management is very important for academicians who are looking for the rationality along with the reasons behind a high performance of a firm at marketplace.
This assignment is aims to identify and analyse the contributions of Michael Porter to the field of strategic management. Michael Porter was born on 23 May 1947. He is the Bishop William Lawrence University Professor at The Institute for Strategy and Competitiveness, based at the Harvard business School. He chairs Harvard Business School's program dedicated for newly appointed CEOs of very large corporations.
Michael Porter is leading authority on competitive strategy and the competitiveness and economic development of nations, states, and regions. The major work can be identified by Michael Porter are Porter's five forces analysis (1980), cluster management, value chain analysis (1985), generic strategies (1985), Diamond Framework. Furthermore, he conquered of work in wide areas of strategic management as a writer he has authored/ co-authored and edited more than 17 books. Besides that, he has made the contributions through 100 articles, and has acted as a consultant to the many business organizations and governments globally. He is regarded as one of founding fathers of strategic management, as a discipline (Radian, 2009).

PORTER'S VIEW ON BUSINESS STRATEGY:
Based on the analysis of Porter's writing, it can be shown that they are concerned with the business level strategy. He has contributed a numbers of meaningful and impressive articles through his books...

Find Another Essay On Different Views on Business Strategies

Business Report on the Different Financial Institutions in Australia and their Different Rates

1358 words - 5 pages Executive Summary:In my business report I will be stating and discussing the five major financial institutions in Australia. I will be giving detail on one in particular and the different types of loans available to consumers. I will also inform consumers on the rights and responsibilities of borrowers who take out a loan. I will also compare and evaluate the four different types of credit cards available, their intrest rates, the annual fees

Different Views on Land Ownership Essay

937 words - 4 pages Indian tribes because currency was worthless to them. There could have been hierarchy systems within the different tribes but with the harvest and hunt being common resources, everyone was fed. On the other hand the Europeans came to the Americas strictly to make a profit. They established trading posts, made large monopolizing companies, and took the land away from the Indians. The Europeans believed they could use the land more efficiently than

discuss why business ethics is concerned with issues of wright and wrong behaviour in business context? Comment on the four alternative views of e

2169 words - 9 pages such as employee training and reduction in carbon emissions. CSR has also become an important consideration for modern businesses, alongside traditional concerns with profitability & growth. Authors / People have different views on the meaning of Corporate Social Responsibility, and here are some different definitions that explain the meaning of CSR: “The (UK) Government sees CSR as the business contribution to our sustainable development goals

The essay is Alice walker's "everyday use",and about afro american family that have antagonistic views on the worth of the different objects in day to day life rutine

597 words - 2 pages side; the other daughter, Dee, is on the other side. All have antagonistic views on the worth of the different objects in their lives. Alice walker uses this conflict to make the point that the value of goods and people is more important than style.The main characters of the story are distinctly opposite. The narrator of the story, Mama, pictures herself as a "large, big-boned woman with rough, man -working hands" (86). The image she draws about her

Views on Abortion and Alcohol in Different Societies

1364 words - 5 pages enacted by the Ministry of Justice, this same law would apply to anyone who has prescribedmorning-after pills in Afghanistan. However, anyone performing an abortion in order to save life of the mother, should not be punished. To have an abortion, you have to get a certificate from three different doctors and permission from the ministry that the patient has to have a medical termination.While Canadian laws on abortion are not clear, compared to

The Implications of Different Views on Animal Rights

1331 words - 5 pages people say animals are just at our disposal and we can do as we please with them, but there are some that choose the middle ground. Should animals and humans have the same rights and penalties for their abuse, as we humans? This is one of the major questions we still research on today to find the answers. According to the HSUS or the Humane Society of the United States, animal cruelty is a range of behaviors harmful to animals from

discursive essay on the legalisation of cannabis; different peoples views and arguments for and against it

754 words - 3 pages DISCURSIVE WRITINGAn issue that creates heated debate almost anywhere you go is the legalisation of cannabis. There are two different opinions: one, that cannabis should not become legal because it leads on to the use of harder drugs and causes more petty crime. The second view is that if it became legal then fewer people would have to sneak around to get cannabis and therefore not get caught up in the underworld of drugs, and that would stop

This paper is about the different point of views on slavery Frederick Douglass gives in his autobiography, because he experienced slavery first hand

1112 words - 4 pages and stone in the foundation of the movement for freedom. Douglass' journey starting off with being a mulatto child, to having his road to education closed, to the different relationships he encountered as a slave, is one few men could do. Douglass did it though and with his books gave others hope and shed new light on several elements of slavery that people gave little if any thought to.

This essay is about racial profiling. I am comparing two different essays written by two authors and there views on racial profiling

540 words - 2 pages On September 11, 2001, 19 Arab terrorists killed more than three thousand Americans. If they were checked and singled out by the airline maybe it could have prevented this attack from happening. There wasn't that much racial profiling before September 11 and this is what happened. Everyone blamed the airlines for not enough security and such. But if they were checked this attack might have been prevented, but it would be considered racial

Gender Differerences in Language Learning

1685 words - 7 pages become learners that are more effective. Comment on the study: The study tried to bring clarity to the diverse views and results produced by previous researchers regarding the use of Language Learning Strategies between males and females. After carrying out the research and analyzing the data, the study supported some previous studies that indicated that females are generally better in using Language Learning Strategies than males. The study

Learning Communities- This Essay Will Help To Persuade High School Teachers And Administrators Towards Building These Communities In Their Schools

697 words - 3 pages , fellow classmates, and their school. The strategies include freshmen transition activities, multi-year groups, alternative scheduling, adult advocate systems, teacher advisory systems, and academic teaming. (http://www.ed.gov/offices/ OVAE/HS/SLCP/).But what are learning communities? There are different ways to describe what this learning community is. One is a group of people who interact and share a goal of increased learning for all members

Similar Essays

The Different Views On Slavery By Shakespeare And Defoe

1817 words - 7 pages Master Crusoe and helps Crusoe with everyday duties around the island. Not only does Crusoe view him as a servant but also as a companion. Crusoe considers Friday as his man “I took my man Friday with me, […] (Defoe, 227). In Shakespeare’s The Tempest the situation is a little bit different from Robinson Crusoe, there is a different view on slavery. The plot of this play dwells upon the story of betrayal; where Prospero is exiled form his kingdom

Authors' Views On Different Feelings Associated With Growing Up

3279 words - 13 pages Authors' Views on Different Feelings Associated with Growing Up All the three short stories, that I read in anthology all deals with the same ideology ‘Growing up’. Here in all these stories the movement from childhood to adulthood is a significant change. The story ‘Superman and Paula brown’s new snow suit’ is written by Sylvia Plath, the story is set in North America in the city of

Virginia Candidates For Governor Different Views On Gun Rights, Drug Reform, And Jobs

1280 words - 6 pages There are issues dealing with subjects from abortion to making jobs for the state to drug use and possession. I will be writing about issues that candidates for Virginia governor speak on and my views on them. The issues that are the most important to me are gun rights, drug reform, and the creation of jobs for Virginians. I will show the candidates’ views on these issues in comparison to my own and how if I had the power how I would change the

Relevance Of Different Perspectives On Leadership For Business Today

1955 words - 8 pages Relevance of different perspectives on leadership for business today As economy has transformed from industrial-based to information-based, traditional perspectives on leadership may not be appropriate. This paper distinguishes four dominant perspectives on leadership in the twentieth century and discusses critically their relevance or irrelevance for business today.I. Trait approach Early leadership theories attempted to explain leadership by