Economic Development Quarterly 2000 14: 1, 15-34 Download Citation. regional economy and the development of economic geography, giving economic thought a new impetus. Porter, M.E. Porter said in an interview that he first became interested in competition through sports. Porter Oxford: Oxford University Press. Abstract. [3], Porter credits Harvard professor Roland "Chris" Christensen with inspiring him and encouraging him to speak up during class, hand-writing Porter a note that began: "Mr. Porter, you have a lot to contribute in class and I hope you will." Michael Porter has founded three major non-profit organizations: Initiative for a Competitive Inner City – ICIC, founded in 1994,[10] and which he still chairs,[11] which addresses economic development in distressed urban communities; the Center for Effective Philanthropy, which creates rigorous tools for measuring foundation effectiveness; and FSG Social Impact Advisors, a leading non-profit strategy firm which he co-founded with Mark Kramer,[12] serving NGOs, corporations, and foundations in the area of creating social value. (2011). Michael Porter who has “developed one of the most. MINNEAPOLIS— Michael E. Porter, Harvard’s Bishop William Lawrence University Professor, based at Harvard Business School, launched the new U.S. Also, learn more about the "Microeconomics of Competitiveness" (MOC) course led by Michael Porter and offered at Harvard and 100+ affiliated universities around the world. This view of agglomeration economies based on industrial clusters derives largely from the work of Michael Porter. Bishop William Lawrence University Professor, Learn how and when to remove this template message, "Michael Porter on Creating Competitive Advantage for Yourself", http://onlinelibrary.wiley.com/doi/10.1002/smj.4250121008/abstract, http://onlinelibrary.wiley.com/doi/10.1002/(SICI)1097-0266(199707)18:1%2B%3C15::AID-SMJ916%3E3.0.CO;2-1/abstract, "How Smart, Connected Products are Transforming Competition", How Smart, Connected Products are Transforming Companies", Why Every Organization Needs an Augmented Reality Strategy", Why Competition in the Politics Industry is Failing America, "Clinical Registries: The Opportunity For The Nation. He also currently serves on the Board of Trustees of Princeton University. Porter serves as the Chair of … What conditions enable global corporations or local businesses to innovate and grow? Perhaps the most important theory of the business economy strategy is the theory of clusters of Michael Porter. to set policies that sap economic growth…. (2008) "The Five Competitive Forces That Shape Strategy". Harvard’s Michael Porter Unveils New Tool to Improve Economic Development. Professor Porter has had leadership roles in universities, a think tank in Department of Prime Minister and Cabinet (DPM&C), central banking and international institutions as well as in the private sector, specialising in advancing economic reform […] Michael Eugene Porter (born May 23, 1947)[2] is an American academic known for his theories on economics, business strategy, and social causes. A Re-Appraisal of Competitive Strategy," Marketing Intelligence and Planning, 7 (5/6), 8–11. (2006) "Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility". Jain SH, Weintraub R, Rhatigan J, Porter ME, Kim JY. (1997) "How Much Does Industry Matter, Really?". (1987) "From Competitive Advantage to Corporate Strategy". and nations. Explore this content in two tracks: Frameworks & Key Concepts or Research & Applications. Professor Porter once served on two public boards of directors, those of Thermo Fisher Scientific and Parametric Technology Corporation. There has been much written on industrial agglomeration, but it is Michael Porter’s cluster theory, above all others, which has come to dominate local and regional economic development policy. [6] This scorecard rated the U.S. on a comprehensive set of metrics; overall, the U.S. placed 16th.[7]. View michael porter’s profile on LinkedIn, the world’s largest professional community. Michael Porter defines competitiveness based on productivity and focuses on the microeconomic foundations of competitive advantage that underpin productivity in nations, regions and clusters. Harvard professor, Michael Porter has been one of the most influential figures in strategic management research over the last three decades. 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. Executive Summary: Competitiveness and Stages of Economic Development MICHAEL E. PORTER, Institute for Strategy and Competitiveness, Harvard Business School JEFFREY D. SACHS, Center for International Development at Harvard University JOHN W. MCARTHUR, Center for International Development at Harvard University This year’s Global Competitiveness Report appears in the The … This initiative seeks to catalyse the development of businesses in and working out of inner cities. Porter, M.E. (1991) "Towards a Dynamic Theory of Strategy", McGahan, A.M. & Porter, M.E. To check availability and speaker fee for Michael Porter contact Promotivate Speakers Agency International on +442078711829 or ask@pro-motivate.com [3], Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. "Delivering Global Health". 20080611 –Brookings Summit for American Prosperity 9 Copyright 2008 © Professor Michael E. Porter The Process of Economic Development Shifting Roles and Responsibilities Old Model •Government drives economic development through top down policy decisions and incentives New Model •Economic development is a collaborative process involving no. Porter, M.E. michael has 9 jobs listed on their profile. Why are some nations or regions more prosperous than others? This case describes the economic development problems faced by the small Caribbean-island country of Jamaica over most of … Clear economic strategies that In 1983 Michael Porter co-founded the Monitor Group, a strategy-consulting firm. Allio, Robert J. Porter. See the complete profile on LinkedIn and discover Michael’s connections and jobs at similar companies. Sharp, Byron; Dawes, John (1996), "Is Differentiation Optional? They have also claimed that Porter fails to credit original creators of his postulates originating from pure microeconomic theory. In 2000, Michael Porter was appointed Bishop William Lawrence University Professor at Harvard, the university's highest recognition awarded to Harvard faculty. Porter reached the top of the class by the second year at Harvard Business School. Spender, J.-C., & Kraaijenbrink, Jeroen. Explore research and real-world applications for specific cases: nations, cross-national regions, states & regions, inner cities, rural areas, and clusters. 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. Harvard Business School professor Michael E. Porter is considered the founder of the modern field of business strategy. Porter, M.E. Kim JY, Rhatigan J, Jain SH, Weintraub R, Porter ME. Michael Porter created Porter’s five forces analysis, which is instrumental in business strategy development. He has served as strategy advisor to numerous leading U.S. and international companies, including Caterpillar, Procter & Gamble,[8] Scotts Miracle-Gro, Royal Dutch Shell, and Taiwan Semiconductor. and ultimately improve productivity are Yetton, Philip, Jane Craig, Jeremy Davis, and Fred Hilmer (1992), "Are Diamonds a Country's Best Friend? ... CEDA - Committee for Economic Development of Australia Jun 1998 - Jun 2011 13 years 1 month. The book is based on studies of ten nations and argues that a key to national wealth and advantage was the productivity of firms and workers collectively, and that the national and regional environment supports that productivity. Professor Porter, the author of 17 books and over 125 articles, is a leading authority on competitive strategy and the competitiveness and economic development of nations, states, and regions. 33-55). A nation’s business environment evolves to support and encourage increasingly sophisticated and productive ways of competing by firms based there. [14] Critics have also labeled Porter's conclusions as lacking in empirical support and as justified with selective case studies. strategy. 6–7 (2003): 545–46. This study inspired the Porter five forces analysis framework for analyzing industries. Michael Eugene Porter is an academic known for his theories on economics, business strategy, and social causes. Michael E. Porter. Michael E. Porter. 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 U.S. His work on health care is being extended to address the problems of health care delivery in developing countries, in collaboration with Dr. Jim Yong Kim, Sachin H. Jain, and others at the Harvard Medical School and Harvard School of Public Health. All over the world these terms quickly bring to mind the groundbreaking work of HBS professor Michael Porter, whose two decades of research on these and related topics have resulted in more than fifteen books and sixty articles.Much of Porter's thinking originally appeared in the pages of the Harvard Business Review. Porter, M.E. Cluster development (or cluster initiative or economic clustering) is the economic development of business clusters. This new direction of economy, which included geography as a science, mostly dealt with the issue of competitiveness. Information, incentives, and infrastructure were also key to that productivity. Offered at Harvard and 100+ affiliated universities around the world, MOC explores the determinants of competitiveness and successful economic development. Book or check speaking availability for Michael Porter, economist & the world’s leading authority on Business Strategy and international competitiveness. MICHAEL PORTER: CONTRIBUTIONS Intellectual Leader in Modern Competition and Strategy Objective Focus: How Firms and Nations can build Competitive Advantage and Strategy Redefined Thinking about: Competitiveness Economic development Economically distressed urban communities Environment policy Role of Corporations in Society 18 Books and 125 articles … 1, June), 89–120. The purpose of the corporation must be redefined around How to reinvent capitalism—and unleash a wave of innovation and growth by Michael E. Porter and Mark R. Kramer January–February 2011 Harvard Business Review 3 The cluster concept has rapidly attracted attention from governments, consultants, and academics since it was first proposed in 1990 by Michael Porter He is a University Professor at Harvard Business School. Michael is Honorary Research Professor of Public Policy at the Centre for Regional and Rural Futures within Deakin University. A Critique of Porter's Theory of National Competition as Applied to Canada, New Zealand and Australia," Australian Journal of Management, 17 (No. See Competitiveness Profiles for Each U.S. State, by Mercedes Delgado, Christian Ketels, Michael E. Porter and Scott Stern, Copyright © President & Fellows of Harvard College, The Determinants of National Competitiveness, State Competitiveness: Creating an Economic Strategy in a Time of Austerity, National Governors Association Winter Meeting. 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