Description:
(Economist, Researcher, Author, Advisor, Speaker and Teacher)
One of most influential management gurus of this century, Michael Porter is widely regarded as the Father of Corporate Strategy and Management. A testimony of the fact lies on the shelf of every successful CEO of the world – his books which are a magnum opus in the field of competitive and company strategy. Serving as university professor at Harvard Business School, Porter’s strategies have found universal acceptance. Furthermore, his ideas have been included in the curriculum of every prestigious business school of the world. He is responsible for building the foundation for modern business strategy courses. He has also served as the strategic adviser to many successful and leading U.S. companies and other international companies. Over the years, he has authored over 18 books and written various articles on business competition, competitive strategy and advantage. Additionally, he has been a guest columnist for the Wall Street Journal and has authored more than 125 articles on business strategy. Some of his writings include, ‘How Competitive Forces Shape Strategy’, ‘Competitive Strategy’, ‘Redefining Health Care: Creating Value-Based Competition On Results’, and ‘Strategy and the Internet’.
Birthday
May 23, 1947 (Gemini)
Alternative names
Michael Eugene Porter
City
Ann Arbor, Michigan
Parents
What is Michael Porter known for?
Michael Porter is known for his work in the field of competitive strategy and economic development, particularly his Five Forces framework.
What are Michael Porter's key contributions to business strategy?
Michael Porter's key contributions to business strategy include the Five Forces framework, the Value Chain concept, and the idea of competitive advantage.
How has Michael Porter influenced the field of strategic management?
Michael Porter has had a significant influence on the field of strategic management by providing frameworks and concepts that help businesses analyze their competitive environment and make strategic decisions.
What is the Five Forces framework by Michael Porter?
The Five Forces framework by Michael Porter is a tool used to analyze the competitive forces in an industry, including the threat of new entrants, bargaining power of buyers and suppliers, threat of substitute products, and competitive rivalry.
How does Michael Porter's Value Chain concept help businesses?
Michael Porter's Value Chain concept helps businesses analyze their internal activities and processes to identify opportunities for cost savings, differentiation, and competitive advantage.