Michael Porter (Management Theorist)

Michael Porter is a renowned management theorist best known for his work on competitive strategy and economic theory. He developed key concepts such as the "Five Forces Framework," which helps businesses analyze their industry's competitive landscape. Porter also introduced the idea of "competitive advantage," emphasizing how companies can achieve superior performance by positioning themselves strategically in the market. His theories provide valuable insights for businesses looking to improve their profitability and market standing. Porter's work has significantly influenced management practices and is widely studied in business schools worldwide.