Critically Evaluate the Approaches of Michael Porter and Gary Hamel to the Paradox of Markets and Resources. Give Examples of How Changing World and/or Organisational Circumstances Affect a Strategic Leader’s Choice Between These Approaches.
Michael E. Porter is a leading authority on competitive strategy, the competitiveness and economic development of nations, states, and regions, and the application of competitive principles to social problems such as health care, the environment, and corporate responsibility. He is the Bishop William Lawrence University Professor, based at Harvard Business School. (Harvard Business School, 2011)
Michael Eugene Porter was one of the …show more content…
Dr. Gary P. Hamel is an American management expert, who alongside C. K. Prahalad a corporate Strategist created the concept of core competences. Gary Hamel born in 1954 is one of the most respected contributors to the debate on strategy of the late 20th century. He attended both Andrews University and the University of Michigan. He is also the founder of Strategos, an international management consulting firm based in Chicago. Hamel’s concept derives from a strategy known as the resourced-based (RBV) view also known as the capabilities view. The RBV combines the internal analysis of phenomena within companies (a preoccupation of the 'distinctive"" and 'core competency' group) with the external analysis of the industry and the competitive environment (a focus of the industrial organization group. (Create Advantage, 2012)
Hamel’s and Prahalad’s