Michael Porter
Michael Porter
Michael Eugene Porter is an American academic known 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...
NationalityAmerican
ProfessionEducator
CountryUnited States of America
accept aware broader challenges less looking previous purpose social society somewhere sufficient value willing work
Millennials are more aware of society's many challenges than previous generations and less willing to accept maximizing shareholder value as a sufficient goal for their work. They are looking for a broader social purpose and want to work somewhere that has such a purpose.
choosing comparison degree digging expense historical investors means normally performance shopping
Investors need to do the same degree of comparison shopping they would normally do when choosing between funds, which means digging into things like expense ratios, historical performance and holdings.
effectiveness fundamentals strategy
There's a fundamental distinction between strategy and operational effectiveness.
technology goal leader
If your goal is anything but profitability - if it's to be big, or to grow fast, or to become a technology leader - you'll hit problems.
strategy continuity
Finally, strategy must have continuity. It can't be constantly reinvented.
facts improvement consistent
The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they're mutually reinforcing.
technology pace principles
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
majority
In the vast majority of businesses, there is simply no such thing as ‘the best,’
generations problem economy
The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
effectiveness essentials strategy
Operational effectiveness and strategy are both essential to superior performance.
last loss ready taste thinking
We'll be ready for Thursday's game, but I know I'm thinking of Branson on Saturday. The taste from last year's loss is still there. We want to see Branson again.
academics business disagree managers satisfied
Too many academics and business managers are satisfied with the 'good feeling' as argument. I disagree completely.
basic both business competition corporate department determines drawn fascinated field harvard industrial later perhaps question strategy
As a multisport athlete, I was always fascinated with competition and how to win. At HBS and later at the Harvard Department of Economics, I was drawn to the field of competition and strategy because it tackles perhaps the most basic question in both business management and industrial economics: What determines corporate performance?
tasks
Unfortunately, I'm an engineer. I'm always thinking about, what's the task and how do I get it done? And some of my tasks are pretty broad, and pretty fuzzy, and pretty funky, but that's the way I think.