Michael Porter

Efforts to grow blur uniqueness, create compromises, reduce fit, and ultimately undermine competitive advantage. In fact, the growth imperative is hazardous to strategy.

Michael Porter

Paradoxically, the enduring competitive advantages in a global economy lie increasingly in local things—knowledge, relationships, and motivation that distant rivals cannot match.

Michael Porter

Many companies want to engage in philanthropic efforts because it will improve their reputation. It is easy to agree that we ought to be doing something good, and that we should contribute to doing ‘the right thing’ for society. No one will disagree with this noble ambition. For me, however, that is not the interesting question. Although there is a lot of feeling that ‘we … [ Read more ]

Michael Porter

I believe we in the business world need to be more offensive. Right now we are apologizing for the company. We are defensive, and businesses are engaging in corporate philanthropy to avoid scandals and to be liked. That is a dangerous route. Companies need to move away from defensive actions into a proactive integration of social initiatives into business competitive strategy. Basically I think that … [ Read more ]

Michael Porter

The highest compliment, I’ve come to understand, is, ‘Oh, that’s obvious.’ “I used to get really mad about that, but now I understand that’s the goal — to take a complex problem and make it seem really clear and obvious.

Michael Porter

The short-term cost savings of outsourcing were very apparent, very attractive, and very seductive to companies [that] were desperately trying to improve their earnings per share quarter to quarter. But when you outsource something, you tend to make it more generic. You tend to lose control over it. You tend to pass a lot of the technology, particularly on the manufacturing or service delivery side, … [ Read more ]

Michael Porter

The granddaddy of all mistakes is competing to be the best, going down the same path as everybody else and thinking that somehow you can achieve better results. This is a hard race to win. So many managers confuse operational effectiveness with strategy. Another common mistake is confusing marketing with strategy. It’s natural for strategy to arise from a focus on customers and their needs. … [ Read more ]

The Most Common Strategy Mistakes

In a new book, Understanding Michael Porter: The Essential Guide to Competition and Strategy, Joan Magretta distills Porter’s core concepts and frameworks into a concise guide for business practitioners. In this excerpt, Porter discusses common strategy mistakes.

The Big Idea: Creating Shared Value

The concept of shared value—which focuses on the connections between societal and economic progress—has the power to unleash the next wave of global growth.

There are three key ways that companies can create shared value opportunities:
– By reconceiving products and markets
– By redefining productivity in the value chain
– By enabling local cluster development

Every firm should look at decisions and opportunities through the lens … [ Read more ]

Charlie Rose Interviews Michael Porter

Charlie Rose interviews strategy Guru Michael Porter of Harvard Business School on his PBS show.

Editor’s Note: The Porter interview comes after an interview with Henry Kissinger…

The Five Competitive Forces That Shape Strategy: An Interview with Michael E. Porter

Michael Porter published an article in the January 2008 Harvard Business Review updating his famous five forces model. Here is an interview with him (12:57 minutes) on the relevance of the 5 Forces in today’s world.

Michael Porter Asks, and Answers: Why Do Good Managers Set Bad Strategies?

Errors in corporate strategy are often self-inflicted, and a singular focus on shareholder value is the “Bermuda Triangle” of strategy, according to Michael E. Porter, director of Harvard’s Institute for Strategy and Competitiveness. Porter, who recently spoke at Wharton as part of the school’s SEI Center Distinguished Lecture Series, challenged managers to stop trying to be the best company in their industry and instead deliver … [ Read more ]

Solving the Health Care Conundrum

Executive summary of a presentation on reforming health care made by Professor Michael Porter at a Harvard Business School Publishing Virtual Seminar.

CSR – a religion with too many priests?

Michael Porter is perhaps the management ‘guru’ most listened to and respected by corporate boards and executives worldwide. But his keynote speech on the role of corporate philanthropy at The European Academy of Business in Society’s 2nd Colloquium at Copenhagen Business School in September 2003 provoked strong reactions from an audience of mainly European academics and business managers. Here Mette Morsing, associate professor and director … [ Read more ]

Institute for Strategy and Competitiveness

The Institute for Strategy and Competitiveness, led by Michael Porter, studies competition and its implications for company strategy; the competitiveness of nations, regions and cities; and solutions to social problems. Based at Harvard Business School, the Institute is dedicated to extending the research pioneered by Professor Porter and disseminating it to scholars and practitioners.

Editor’s Note: Be sure to check out the Publications, Speeches … [ Read more ]