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A strategy is a plan of action designed to achieve a vision. Strategy is all about gaining (or being prepared to gain)a position of advantage over adversaries or best exploiting emerging possibilities. As there is always an element of uncertainty about future, strategy is more about a set of options ("strategic choices") than a fixed plan. It derives from the Greek "στρατηγία" (strategia), "office of general, command, generalship".
In game theory, a strategy refers to one of the options that a player can choose. That is, every player in a non-cooperative game has a set of possible strategies, and must choose one of the choices.
A strategy must specify what action will happen in each contingent state of the game—e.g. if the opponent does A, then take action B, whereas if the opponent does C, take action D.
Strategies in game theory may be random (mixed) or deterministic (pure). That is, in some games, players choose mixed strategies. Pure strategies can be thought of as a special case of mixed strategies, in which only probabilities 0 or 1 are assigned to actions.
Michael Eugene Porter (born May 23, 1947) is the Bishop William Lawrence University Professor at Harvard Business School. He is a leading authority on company strategy and the competitiveness of nations and regions. Michael Porter’s work is recognized in many governments, corporations and academic circles globally. He chairs Harvard Business School's program dedicated for newly appointed CEOs of very large corporations.
Michael Eugene Porter received a B.S.E. with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he was elected to Phi Beta Kappa and Tau Beta Pi. He received an M.B.A. with high distinction in 1971 from the Harvard Business School, where he was a George F. Baker Scholar, and a Ph.D. in Business Economics from Harvard University in 1973.
Porter was an outstanding intercollegiate golfer while at Princeton.
Michael Porter is the author of 18 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics.
Sir Lawrence David Freedman, KCMG, CBE, PC, FBA, FKC (born 7 December 1948) is Professor of War Studies at King's College London, and was a foreign policy adviser to Tony Blair. He is a member of the 2009 United Kingdom Iraq War inquiry.
Freedman was educated at Whitley Bay Grammar School, the Victoria University of Manchester (BA), University of York (BPhil), and University of Oxford, where he was a student of Nuffield College (Fellow 1974/5) and the Faculty of Social Studies. His DPhil thesis, submitted in 1975, was entitled, The definition of the Soviet threat in strategic arms decisions of the United States: 1961-1974. He also held a part-time lectureship at Balliol College at this time.
Freedman's wife Judith is KPMG Professor of Taxation Law and a Fellow of Worcester College at Oxford University. They have two children, Sam and Ruth.
Freedman held positions at the International Institute for Strategic Studies and Royal Institute of International Affairs (Chatham House) before he was appointed, in 1982, Professor of War Studies at King's College London. He has been Vice Principal (Research) of King's since 2003 and a Fellow since 1992.