Michael Porter

Michael Eugene Porter (born May 23, 1947) [2] is an American academic Berninahaus for his theories on economics, business strategy, and social Causes. He is the Bishop William Lawrence University Professor at Harvard Business School , and he was one of the founders of the consulting firm The Monitor Group (now part of Deloitte ).

Early life

Michael Eugene Porter RECEIVED a BSE with high receptacles in Aerospace and mechanical engineering from Princeton University in 1969, where he graduated first in his class and was elected to Phi Beta Kappa and Tau Beta Pi . He RECEIVED an MBA with High Distinction in 1971 from Harvard Business School , where he was a George F. Baker Scholar, and a PhD in business economics from Harvard University in 1973.

Porter zegt in an interview dat he first became interested in competition through sports. He was on the NCAA championship golf squad at Princeton and ook played will football, baseball and basketball growing up. [3]

Porter credits Harvard professor Roland “Chris” Christensen with inspiring im and encouraging im to speak up prolongation class, hand-writing Porter a note dat Began, “Mr. Porter, u have a lot to Contribute in class and I hope you will.” Porter reached the top of the class in the second year at Harvard Business School. [3]

At Harvard, Porter took classes in industrial organization economics, welke attempts to model the effect of competitive forces on industries and hun profitability. This study inspired the Porter five forces analysis framework for analyzing industries. [3]

Career

Michael Porter is the author of 18 books and numerous articles waaronder 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 author must Cited in business and economics. [4]

Porter stated in a 2010 interview: “What I’ve come to see if then probably my greatest gift is the ability to take an extraordinarily complex, integrated, multidimensional problem and get arms around it conceptually in a way dat helps, dat INFORMS and empowers practitioners to actually do things. ” [3]

Competition onder nations

Porter wrote “The Competitive Advantage of Nations” The book in 1990 was based on studies or in nations and argues dat a key to national wealth and advantage was the productivity of firms and workers collectively, and therein the national and regional environment supports therein productivity . He Proposed the “diamond” framework, a mutually-Reinforcing system or four factors dat determine national advantage: factor conditions; demand conditions; related or Supporting industries; and firm strategy, structure and rivalry. Information, incentives, and infrastructure ulcers’ll be key to productivity therein. [5]

During April 2014, Porter discussed how the United States ranks relative to other countries on a uitgebreid scorecard called “The Social Progress Index”, an effort welke he co-authored. [6] This scorecard rated the US on a uitgebreid set of metrics; overall, the US placed 16th. [7]

Healthcare

Porter has devoted considerable attention to understanding and addressing the President sings problems in health care delivery in the United States and other countries. His book, Redefining Health Care (written with Elizabeth Teisberg) develops a new strategic framework for transforming the value delivered by the healthcare system, with implications for providers, health plans, employer’s, and government, onder andere actors. The book RECEIVED the James A. Hamilton Award of the American College of Healthcare Executives in 2007 for book of the year. His New England Journal of Medicine research article, “A Strategy for Health Care Reform-Toward a Value-Based System” (July 2009), Lays out a health reform strategy for the US His work on healthcare is being extended to address the problems of healthcare delivery in developing countries, in collaboration with Dr. Jim Yong Kim and the Harvard Medical School and Harvard School of Public Health .

Consulting

In addition under to his research, writing, and teaching, Porter Serves as an advisor to business, government, and the social sector. He has served as strategy advisor to numerous leading US and international companies, zoals Caterpillar, Procter & Gamble, [8] Scotts Miracle-Gro, Royal Dutch Shell, and Taiwan Semiconductor. Professor Porter Serves on two public boards of directors, Thermo Fisher Scientific and Parametric Technology Corporation. Professor Porter ook plays an active role in US economic policy with the Executive Branch and Congress, and has led national economic strategy programs in numerous countries. He is Currently working with the presidents of Rwanda and South Korea.

Michael Porter is one of the founders of The Monitor Group strategy consulting firm. It was sold to Deloitte Consulting in 2013 through a structured bankruptcy Proceeding.

Nonprofit

Michael Porter has founded three major nonprofit organizations: Initiative for a Competitive Inner City – ICIC [9] In 1994, welke addresses economic development in distressed urban communities; the Center for Effective Philanthropy, welke creates rigorous tools for Measuring foundation effectiveness; and FSG-Social Impact Advisors, a leading non-profit strategy firm serving NGOs, corporations, and foundations in the area or customizing social value. He’ll be Currently Serves on the Board of Trustees of Princeton University .

Honors and awards

In 2000, Michael Porter was appointed University Professor at Harvard, the university’s Highest Recognition Awarded to Harvard faculty. [10] In 2009, he was Awarded an honorary degree from McGill University .

Criticisms

Porter has leg criticized by some for Academics inconsistent logical argument in his assertions. [11] Critics port ook, key Porter’s Conclusions as Lacking in empirical support and as justified with selective case studies. Ze ook port claimed therein Porter fails to credit original creators or his postulates Originating from pure microeconomic theory. [4] [12] [13] [14] Others argued harbor Porter’s firm-level analysis is widely misunderstood and mis-taught. [15]

Works

Competitive Strategy
  • Porter, ME (1979) “How Competitive Forces Shape Strategy”, Harvard Business Review , March / April 1979.
  • Porter, ME (1980) Competitive Strategy , Free Press, New York, 1980. The book was voted the ninth Most Influential management book of the 20th century in a poll of the Fellows of the Academy of Management . [16]
  • Porter, ME (1985) Competitive Advantage , Free Press, New York, 1985.
  • Porter, ME (ed.) (1986) Competition in Global Industries , Harvard Business School Press, Boston, 1986.
  • Porter, ME (1987) “From Competitive Advantage to Corporate Strategy”, Harvard Business Review , May / June 1987, pp 43-59.
  • Porter, ME (1996) “What is Strategy”, Harvard Business Review , Nov / Dec 1996.
  • Porter, ME (1998) On Competition , Boston: Harvard Business School, 1998.
  • Porter, ME (1990, 1998) The Competitive Advantage of Nations, Free Press, New York, 1990.
  • Porter, ME (1991) “Towards a Dynamic Theory of Strategy”, Strategic Management Journal , 12 (Winter Special Issue), pp. 95-117. http://onlinelibrary.wiley.com/doi/10.1002/smj.4250121008/abstract
  • McGahan, AM & Porter, ME Porter. (1997) “How Much Does Industry Matter, Really?” Strategic Management Journal , 18 (Summer Special Issue), pp. 15-30. http://onlinelibrary.wiley.com/doi/10.1002/(SICI)1097-0266(199707)18:1%2B%3C15::AID-SMJ916%3E3.0.CO;2-1/abstract
  • Porter, ME (2001) “Strategy and the Internet”, Harvard Business Review , March 2001, pp. 62-78.
  • Porter, ME & Kramer, MR (2006) “Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility”, Harvard Business Review , January 2006, pp. 78-92.
  • Porter, ME (2008) “The Five Competitive Forces That Shape Strategy,” Harvard Business Review , January 2008, pp. 79-93.
  • Porter, ME & Kramer, MR (2011) ” Creating Shared Value “, Harvard Business Review, Jan / Feb 2011, Vol. 89 Issue 1/2, pp 62-77
  • Porter, ME & Lane, JE (2014) “How Smart, Connected Products are Transforming Competition”, Harvard Business Review, November 2014, pp 65-88
  • Porter, ME & Lane, JE (2015) ” How Smart, Connected Products are Transforming Companies” , Harvard Business Review, October 2015, pp 97-114
Domestic Healthcare
  • Porter, ME & Teisberg, EO (2006) “Redefining Healthcare: Creating Value-Based Competition On Results”, Harvard Business School Press, 2006.
  • Berwick DM, Jain SH, and Porter ME. “Clinical Registries: The Opportunity For The Nation.” Health Affairs Blogs, May 2011.
Global Healthcare
  • Jain SH Weintraub R Rhatigan J. Porter ME, YOU Kim. “Delivering Global Health”. Student British Medical Journal 2008; 16:27. [1]
  • Kim JY, Rhatigan J, Jain SH Weintraub R Porter ME. “From a declaration of values to the creation of value in global health: a report from Harvard University’s Global Health Delivery Project”. Global Public Health . 2010 Mar; 5 (2): 181-8.
  • Rhatigan, Joseph, Sachin Jain H, Joia S. Mukherjee, and Michael E. Porter. “Applying the Care Delivery Value Chain: HIV / AIDS Care in Resource Poor Settings.” Harvard Business School Working Paper , No. 09-093, February 2009.

References

  1. Jump up^ http://hbr.org/2008/01/the-five-competitive-forces-that-shape-strategy/ar/1
  2. Jump up^ date & year of birth, full names volgens to LCNAFCIPdata
  3. ^ Jump up to:a b c d Kiechel, Walter (2010). The Lords of Strategy . Harvard Business Press. ISBN  978-1-59139-782-3 .
  4. ^ Jump up to:a b False Expectations or Michael Porter’s Strategic Management Framework, with Omar AKTOUF, Dr. HEC Montreal
  5. Jump up^ Porter, Michael E. Porter (1990). The Competitive Advantage of Nations . Free Press. ISBN  0-684-84147-9 .
  6. Jump up^ CNN GPS with Fareed Zakaria Michael Porter on GPS: Is the US # 1? April 20, 2014
  7. Jump up^ Social Progress Imperative.Org – Retrieved May 2014
  8. Jump up^ Playing to Win: How Strategy Really Works . Harvard Business Review Press.
  9. Jump up^ “Initiative for a Competitive Inner City” .
  10. Jump up^ Colvin Geoff (October 29, 2012). “There’s No Quit in Michael Porter”. Fortune . 166 (7): 162-166.
  11. Jump up^ Sharp, Byron; Dawes, John (1996), “Is Differentiation Optional? A Critique of Porter’s Generic Strategy Typology,” in Management, Marketing and the Competitive Process, Peter Earl, Ed. London: Edward Elgar.
  12. Jump up^ Speed, Richard J. (1989), “Oh, Mr. Porter! A Re-Appraisal of Competitive Strategy,” Marketing Intelligence and Planning, 7 (5/6), 8-11.
  13. Jump up^ Yetton, Philip, Jane Craig, Jeremy Davis, and Fred Hilmer (1992), “Are Diamonds a Country’s Best Friend? A Critique of Porter’s Theory of National Competition as Applied to Canada, New Zealand and Australia,” Australian Journal of Management, 17 (No. 1, June), 89-120.
  14. Jump up^ Allio Robert J. (1990), “Flaws in Porter’s Competitive Diamond ?,” Planning Review, 18 (No. 5, September / October), 28-32.
  15. Jump up^ Spender, J.-C., & Kraaijenbrink, Jeroen. (2011). Why Competitive Strategy Succeeds – and With Whom. In Robert Huggins & Hiro Izushi (Eds.), Competition, Competitive Advantage, and Clusters: The ideas of Michael Porter (pp. 33-55). Oxford: Oxford University Press.
  16. Jump up^ Bedeian Arthur G. ; Wren, Daniel A. (Winter 2001). “Most Influential Management Books of the 20th Century” (PDF) . Organizational Dynamics . 29 (3): 221-225. doi : 10.1016 / S0090-2616 (01) 00022-5 .