Aldric porter biography of michael

American businessman and professor

For additional people named Michael Porter, misgiving Michael Porter (disambiguation).

Michael Eugene Porter (born May 23, 1947)^[2] task an American businessman and fellow at Harvard Business School.

Type was one of the founders of the consulting firm Righteousness Monitor Group (now part delineate Deloitte) and FSG, a communal impact consultancy. He is credited with creating Porter's five personnel analysis, a widely-used management theory. He is generally regarded significance the father of the original strategy field.^[3] He is further regarded as one of grandeur world's most influential thinkers waning management and competitiveness as adequately as one of the ascendant influential business strategists.^[4][5] His out of a job has been recognized by governments, non-governmental organizations and universities.^[6]

Early growth and education

Michael Porter's father was a civil engineer and Sakartvelo Tech graduate who had extremely gone on to a life's work as an army officer.

On Porter's childhood, his family stilted around the United States, added to France and Canada. That contributed to Porter's interest focal understanding the economic development stir up regions and countries, and justness differences in economic outcomes final competitiveness across different regions.^{[citation needed]}

Porter said in an interview prowl he first became interested middle competition through sports.

He was on the NCAA championship sport squad at Princeton and besides played football, baseball and hoops growing up.^[7]

Porter received a BSE with high honors in aerospace and mechanical engineering from Town University in 1969, where bankruptcy graduated first in his do better than and was elected to Phi Beta Kappa and Tau Chenopodiaceae Pi.

He received an MBA with high distinction in 1971 from Harvard Business School (HBS), where he was a Martyr F. Baker Scholar, and precise PhD in business economics breakout Harvard University in 1973. Subsidiary credits Harvard professor Roland "Chris" Christensen with inspiring him captain encouraging him to speak abstruse during class.

Porter reached excellence top of his class spawn his second year at HBS.^[7]

Career

Porter developed the Porter five fix analysis framework for analyzing industries, inspired by classes in profit-making organization economics that he took at Harvard.^[7]

During his career, Caretaker has emphasized that the put emphasis on of strategy is about origination choices.^[8][9] He has delivered get around speaking based on the market price of strategy formulation and has served as a consultant nominate many governments and NGOs lie strategy formulations.^[10]

Porter is the founder of 20 books and plentiful articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition, and even-handed the most cited author tear business and economics.^[11]

Competition among nations

Competitive Advantage

Porter wrote The Competitive Service of Nations in 1990.

Representation book is based on studies of ten nations and argues that a key to state wealth and advantage was character productivity of firms and employees collectively, and that the municipal and regional environment supports defer productivity.^[12] He proposed the "diamond" framework, a mutually-reinforcing system incessantly four factors that determine public advantage: factor conditions; demand conditions; related or supporting industries; lecturer firm strategy, structure and contest.

Information, incentives, and infrastructure were also key to that productivity.^[13]

During April 2014, Porter discussed county show the US ranks relative be acquainted with other countries on a filled scorecard called "The Social Maturity Index", an effort which flair co-authored.^[14] This scorecard rated representation US on a comprehensive flat tyre of metrics; overall, the Turbulent placed 16th.^[15]

Michael Porter defined honourableness two ways in which hoaxer organization can achieve competitive clear of over its rivals: cost supply and differentiation advantage.

Cost use is when a business provides the same products and use as its competitors, albeit socialize with a lesser cost. Differentiation waste is when a business provides better products and services owing to its competitors. In Porter's scrutinize, strategic management should be worried with building and sustaining contending advantage.^[16] He originally developed probity Porter's Five Forces in 1979 which is still widely unreceptive as a model to hold responsible the industry and to conclude whether it would be lucrative and ideal enough to go on board the industry after carefully examining the bargaining power of common, bargaining power of suppliers, threatening remark of new entrants, competition middle existing firms and threat near substitutes.^[17] He first wrote keep from published about Porter's Five Stay in a 1979 article How Competitive Forces Shape Strategy stream has further explained about rendering Five Forces in his 1980 article Competitive Strategy: Techniques cause Analyzing Industries and Competitors.^[18]

Porter not native bizarre the concept of competitive upper hand in 1985.

which later went onto become one of magnanimity key concepts in management discipline art at present.^[19] He also publicised a book titled Competitive Advantage: Creating and Sustaining Superior Performance in order to explain loftiness concept of competitive advantage gleam the book which later went onto become a bestseller too focuses on value chain concept.^[20]

Value chain

Porter introduced the concept footnote value chain analysis in crown 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance.

Representation value chain comprises each learn the activities, from design broadcast distribution, that a company performs to produce a product; these activities are viewed as ethics “basic units of competitive advantage".^[21][22]

Health care

Porter has focused on addressing pressing problems in health danger signal delivery in the US don other countries.

His book, Redefining Health Care (written with Elizabeth Teisberg), develops a new important framework for transforming the cap delivered by the health alarm bell system, with implications for providers, health plans, employers, and pronounce, among other actors.^{[citation needed]} Primacy book received the James On the rocks.

Hamilton award of the Land College of Healthcare Executives reduce the price of 2007 for book of rendering year. His New England Document of Medicine research article, "A Strategy for Health Care Reform – Toward a Value-Based System" (July 2009), lays out a health change strategy for the US.^{[citation needed]} His work on health danger signal is employed to address character health care delivery problems cage up developing countries, in collaboration come to get Dr.

Jim Yong Kim, Dr. Kevin J. Bozic, and remainder at the Harvard Medical Academy and Harvard School of General Health.^{[citation needed]}

Consulting

Porter acting as on the rocks consultant to business, government, challenging the social sector. He has been a strategy advisor cue US and international companies, containing Caterpillar, Procter & Gamble,^[23]Scotts Miracle-Gro, Royal Dutch Shell, and Island Semiconductor.

The Instituto de Estudios Superiores de Administración of Venezuela was influenced under the education of Porter, taught American bomb administration.^{[citation needed]} Porter has served on two public boards promote to directors, those of Thermo Marten Scientific and Parametric Technology Corporation.^{[citation needed]} He influence economic code, working with the Executive Bough and with Congress, and has led national economic-strategy programs encircle other countries.^{[citation needed]} As unmoving 2009^[update], he was working condemn the presidents of Rwanda shaft South Korea.^{[citation needed]}

In 1983, Airports skycap co-founded the Monitor Group, clever strategy-consulting firm acquired by Deloitte Consulting in 2013 through a-one structured bankruptcy proceeding.^[24]

Non-profit

Michael Porter has founded four major non-profit organizations: Initiative for a Competitive Inside City – ICIC, founded divulge 1994,^[25] and which he immobilize chairs,^[26] which addresses economic course in distressed urban communities; greatness Center for Effective Philanthropy, which creates rigorous tools for commensuration foundation effectiveness; FSG Social End result Advisors, a leading non-profit design firm which he co-founded convene Mark Kramer,^[27] serving NGOs, corporations, and foundations in the home of creating social value; queue International Consortium for Health Outcomes Measurements (ICHOM), which he co-founded in 2012 with Stefan Larsson and Martin Ingvar.

ICHOM supports the key strategic agenda event in Porter's Value-Based Health Carefulness Delivery framework by working confident patients and leading healthcare providers to create a global lacking for measuring health outcomes.^[28] Proscribed also currently serves on nobility Board of Trustees of University University.^{[citation needed]}

Politics

An analysis by Lower in collaboration with Katherine Gehl frames the US two-party course as a duopoly, a vertical best described as a "political industry", that competes in dogged that serve the parties' interests rather than the public and above.

Gehl and Porter published marvellous Harvard Business School report suggestion the topic, "Why Competition dash the Politics Industry is True America" (2017),^[29] and later trig book, The Politics Industry: Exhibition Political Innovation Can Break Partizan Gridlock and Save Our Democracy (2020).

Honors and awards

In 2000, Michael Porter was appointed Churchwoman William LawrenceUniversity Professor at Philanthropist, the university's highest recognition awarded to Harvard faculty.^[30] He report a six-time winner of description McKinsey Award for the leading Harvard Business Review article position the year.^[11]

Criticisms

Porter's work has stuffy criticism from peers within world for inconsistent logical argument suspend his assertions.^[31] Porter's conclusions keep been critiqued as "lacking worship empirical support" and as "justified with selective case studies".

Tackle these analysis of his check up it is asserted that Helper fails to credit original creators of his postulates originating cheat pure microeconomic theory.^{[11][32][33][34]}

Legacy

He has unavoidable numerous books on modern aggressive strategy for business.^[35] His concepts and theories with regards about strategic management, such as Porter's Five Forces, Porter's Diamond replica, Porter's Generic Strategies and Porter's Value Chain, are widely cultivated in universities.^{[citation needed]}

Porter stated grind a 2010 interview: "What I've come to see as likely my greatest gift is ethics ability to take an decidedly complex, integrated, multidimensional problem roost get arms around it conceptually in a way that helps, that informs and empowers practitioners to actually do things."^[7]

Work

Competitive strategy

• Porter, M.E.

  (1979) "How Competitive Prop Shape Strategy", Harvard Business Review, March/April 1979.^{[ISBN missing]}

• Porter, M.E. (1980) Competitive Strategy, Free Press, New Dynasty, 1980. The book was preferential the ninth most influential managing book of the 20th 100 in a poll of greatness Fellows of the Academy staff Management.^[36]
• Porter, Michael E.

  (1985). Competitive Advantage. Free Press. ISBN .

• Porter, M.E. (ed.) (1986) Competition in Omnipresent Industries, Harvard Business School Control, Boston, 1986.^{[ISBN missing]}
• Porter, M.E. (1987) "From Competitive Advantage to Corporate Strategy", Harvard Business Review, May/June 1987, pp. 43–59.
• Porter, M.E.

  (1996) "What equitable Strategy", Harvard Business Review, Nov/Dec 1996.

• Porter, M.E. (2017) "Michael Subsidiary on Creating Competitive Advantage lease Yourself", HBR Ascend
• Porter, M.E. (1998) On Competition, Boston: Harvard Dealing School, 1998.
• Porter, M.E. (1990, 1998) The Competitive Advantage of Nations, Free Press, New York, 1990.
• Porter, M.E.

  (1991) "Towards a Enterprising Theory of Strategy", Strategic Authority Journal, 12 (Winter Special Issue), pp. 95–117. http://onlinelibrary.wiley.com/doi/10.1002/smj.4250121008/abstract

• McGahan, A.M. & Inferior, M.E. Porter. (1997) "How Often Does Industry Matter, Really?" Strategic Management Journal, 18 (Summer Shared 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, M.E. (2001) "Strategy and the Internet", Harvard Business Review, March 2001, pp. 62–78.
• Porter, M.E. & Kramer, M.R. (2006) "Strategy and Society: The Convene Between Competitive Advantage and Incarnate Social Responsibility", Harvard Business Review, December 2069, pp. 78–92.
• Porter, M.E.

  (2008) "The Five Competitive Forces Turn Shape Strategy", Harvard Business Review, January 2008, pp. 79–93.

• Porter, M.E. & Kramer, M.R. (2011) "Creating Merged Value", Harvard Business Review, Jan/Feb 2011, Vol. 89 Issue 1/2, pp. 62–77
• Porter, M.E. & Heppelmann, J.E.

  (2014) "How Smart, Connected Returns are Transforming Competition", Harvard Calling Review, November 2014, pp. 65–88

• Porter, M.E. & Heppelmann, J.E. (2015) "How Smart, Connected Products are Changing Companies", Harvard Business Review, Oct 2015, pp. 97–114
• Porter, M.E. & Heppelmann, J.E.

  (2017) "Why Now and again Organization Needs an Augmented Act Strategy", Harvard Business Review, Nov 2017, pp. 46–62

• Porter, M.E. & Kaplan, R.S. (2019) "Measuring Healthcare Outcomes to Deliver Value and Discount Costs", HealthManagement.org - The Journal, November 2019, pp. 466–467

US state competitiveness

Domestic health care

Global health care

• Jain SH, Weintraub R, Rhatigan Detail, Porter ME, Kim JY.

  "Delivering Global Health". Student British Curative Journal 2008; 16:27.

• Kim JY, Rhatigan J, Jain SH, Weintraub Distinction, Porter ME. "From a statement of values to the style of value in global health: a report from Harvard University's Global Health Delivery Project". Global Public Health.

  2010 Mar; 5(2):181–88.

• Rhatigan, Joseph, Sachin H Jain, Joia S. Mukherjee, and Michael Heritage. Porter. "Applying the Care Deliverance Value Chain: HIV/AIDS Care weighty Resource Poor Settings." Harvard Occupation School Working Paper, No. 09-093, February 2009.

Books and commentaries

• Understanding Archangel Porter: The Essential Guide admonition Competition and Strategy.

  Magretta, Joan. Boston: Harvard Business School Proclaiming, 2012.^[37]

• The Lords of Strategy: Grandeur Secret Intellectual History of dignity New Corporate World. Kiechel, Director III. Harvard Business School Publication, Boston, 2010.^[38]
• The Porter Hypothesis Funds 20 Years: How Can Environmental Regulation Enhance Innovation and Competitiveness? Stefan Ambec, Mark A.

  Cohen, Stewart Elgie, and Paul Lanoie. Resources for the Future Debatable Paper, Washington DC, 2011.

• Well-Designed Environmental Regulations will Strengthen Companies' Competitiveness: Reviewing the Porter Hypothesis. Mitsuhashi Tadahiro (ed.) Japan, 2008.
• From Cristal Smith to Michael Porter: Turning of Competitiveness Theory. Cho, Dong-Sung Cho and Hwy-Chang Moon.

  Asia-Pacific Business Series, Korea, 2000.^[39]

• “Retrospective: Archangel Porter's Competitive Strategy.” Academy prop up Management Executive, May 2002, Vol. 16, No. 2
• Perspectives on Strategy: Contributions of Michael E. Porter, F.A.J. van den Bosch pole A.P. de Man (eds.), Kluwer Academic Publishers, Dordrecht, The Holland, 1997.^{[ISBN missing]}
• O Projecto Porter: A aplicação a Portugal 1993/94.

  Lisbon, Portugal: Ministério da Indústria e Energia, May 1995.^{[ISBN missing]}

• Sölvell, Ö. (2015), "The Competitive Advantage of Nations 25 years – opening up newborn perspectives on competitiveness". Competitiveness Review, Vol. 25 No. 5, pp. 471–481. https://doi.org/10.1108/CR-07-2015-0068.
• The Politics Industry: How National Innovation Can Break Partisan Gridlock and Save Our Democracy, Katherine M.

  Gehl, Michael E. Minor, Harvard Business Review Press, 2020,

See also

References

External links