Michael Porter
Michael E. Porter is a renowned economist, researcher, author, advisor, speaker and teacher. Porter is the Bishop William Lawrence University Professor and Director of the Institute for Strategy and Competitiveness at the Harvard Business School. A leading authority on competitive strategy, Porter is the founder of the modern strategy field and one of the world’s most influential thinkers on management and competitiveness. Porter has served as a counselor on strategy to the governments of many nations, to leading international corporations, and to nonprofit organizations. He developed the much-praised MBA course on Industry and Competitive Analysis. His theories are widely applied by both government policymakers and economic development practitioners globally, and his work has also achieved remarkable acceptance by practitioners across multiple fields. Porter has authored 19 books and over 125 articles on strategy, competition, and health care delivery. His research has received numerous awards, and he is the most cited scholar today in economics and business.
Michael Porter Professional Experience / Academic History
Professional Experience
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Director of the Institute for Strategy and Competitiveness
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Bishop William Lawrence University Professor
Academic History
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Ph.D., Business Economics
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M.B.A.
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B.S., Aerospace and Mechanical Engineering
PORTER'S FIVE FORCES
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry.
These forces help determine an industry's weaknesses and strengths, and are frequently used to identify an industry's structure.
It is used as a guideline for evaluating the competitive forces that influence a variety of business sectors.
It is also used to guide business strategy to increase competitive advantage.
The five forces are:
Competition in the industry
Potential on new entrants into the industry
Power of suppliers
Power of customers
Threat of substitute products
CONSULTING
Porter serves on the board of Thermo Fisher Scientific Corporation and Parametric Technology Corporation, and a senior strategy advisor to the Boston Red Sox.
He has served as a strategy advisor to top management in numerous leading U.S. and international institutions.
He consulted for Caterpillar, DuPont, Procter & Gamble, Royal Dutch Shell, Scotts Miracle-Gro, SYSCO, and Taiwan Semiconductor Manufacturing Company, among others.
EXPERTISE & EARLY CAREER
Porter is a leading authority on competitive strategy and the competitiveness and economic development of nations, states, and regions.
He is also an expert on the application of competitive principles to social problems such as the environment, health care delivery, and corporate responsibility.
He developed a body of work on the role of corporations in society, and his ideas have changed the way companies approach philanthropy and social responsibility.
He created the Cluster Mapping Project, which pioneered the rigorous measurement of economic geography.
His Cluster Mapping Project has become the standard in the U.S., Europe, and a growing number of other countries.