ABTC Management Comparison of Mintzberg Porter & Barney Theories Paper

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cw080906

Business Finance

Asheville Buncombe Technical Community College

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8 Pages
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Running head: THEORIES OF MINTZBERG, PORTER AND BARNEY

Comparison of Mintzberg, Porter and Barney Theories
Name
Institution

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THEORIES OF MINTZBERG, PORTER AND BARNEY

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Comparison of Mintzberg, Porter and Barney Theories
Several theories must be taught in every Master's in business administration study in
different parts of the world, that is, the Barney's, Porters, and the Mintzberg. Many investors have
referred to these theories while attempting to make decisions on setting up businesses and have
found them successful. In the real world, they apply even in the current business world, and many
investors prefer to them to become more successful. A combination of these ideas from the
researchers would most likely produce the best results. It has been found that Porter's theory has a
lot of significance in today's business world, while others are still applicable even in today's world
but may have fewer advantages. Their clear and concise writings have recognized these writers for
over the last three decades. This paper, therefore, seeks to compare and contrast these theories
according to their applicability in the current business world.
To start with, while Porter looks much into how businesses should seek to concentrate on
strategic approaches that are deliberate, Mintzberg aims to deal more with new methods (O'brien
2019). Firms need to set a firm and robust strategic plan to ensure that they compete favorably
with other firms, improve service delivery, and how workers associate with one another. On the
other hand, Barney suggests that its resources determine the profitability of a firm. However, the
writers share a wide range of commonalities in their writings regarding how businesses should
operate in terms of their past and the present.
The writers have had ideas that are useful to businesses in the past and the current business
world as well. Indeed, both have played quite a remarkable study in the manner in which
companies should strategize their operations to realize the most meaningful success in the end.
Barney argues that a business should set to utilize its resources in a manner that it can easily
compete with other firms and outdo them in the business market regarding the competitive

THEORIES OF MINTZBERG, PORTER AND BARNEY

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advantages. It is also important to note that Barney's theory regards tangible and intangible
commodities and that they are always valuable until they are rendered invaluable by structural
changes. However, making tangible commodities unique renders other companies incapable of
imitating their products hence competing favorably. In this sense, a business should have identified
unique resources that are not readily available to other similar companies to make its competition
favorable (Tukker& Tischner, 2017). Notably, the identified resources must be in such a manner
that they can push the business set up towards the realization of its set goals and objectives.
Besides, there is a need to identify those reso...


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