Harvard Professor Michael E Porter, the world’s top management guru, developed the two most widely acclaimed and influential models for information systems planning and strategic management:
Competitive Forces Model, and
Porter has had a lasting influence on strategic management with the books he authored about the competitive advantages at industry level and global level in eighties. Since then, these models have become a guiding Bible for organisations worldwide.
Porter’s ideas faced some criticism in the last decade-and-a-half due to the development of the new economy, called the Internet economy. Compared to old economy, the conditions to do business have changed fundamentally in the Internet world.
The rise of various e-business applications and various companies relying on Internet for business, knowledge, etc., has strongly influenced all industries…