Michael Porter (Business Strategist)

Michael Porter is a renowned business strategist known for his theories on competitive advantage and industry structure. He developed the concept of the "Five Forces," which helps analyze the competitive landscape of an industry by examining factors like supplier power, buyer power, competition, the threat of substitutes, and the threat of new entrants. Porter's work emphasizes the importance of strategic positioning and differentiation for businesses to succeed. His frameworks have been widely adopted in management and business strategy, guiding companies in making informed decisions to enhance their competitiveness and profitability.