Business and Strategy

Match Your Strategy and Leverage Your Business

Porter’s Thinking

In an age when management gurus are both lauded by the faithful and hounded by the critics, Michael Porter seems to be one of the few who is well-accepted both academically and in the business world. Though he has his critics, Porter has generally been viewed as at the leading edge of strategic thinking  since his first major publication, Competitive Strategy (1980), which became a corporate bible for many in the early 1980s.

Born in 1947, Porter completed a degree in aeronautical engineering at Princeton in 1969 and took an economics doctorate at Harvard, joining the faculty there as a tenured professor at the age of 26.  He has acted as consultant to companies and to governments and, like many academics, has set up a consulting company – Monitor.

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The Right Game: Use Game Theory to Shape Strategy

by Adam M. Brandenburger and Barry J. Nalebuff

Source: (HBR: July-August 1995)

Business is a high-stakes game. The way we approach this game is reflected in the language we use to describe it. Business language is full of expressions borrowed from the military and from sports. Some of them are dangerously misleading. Unlike war and sports, business is not about winning and losing. Nor is it about how well you play the game. Companies can succeed spectacularly without requiring others to fail. And they can fail miserably no matter how well they play if they make the mistake of playing the wrong game.

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