![]() He has worked with heads of state from around the world on economic development strategy. economic policy at the federal and state levels. and international companies, served on Fortune 500 public boards, and played an active role in U.S. He has been strategy advisor to leading U.S. He serves as an advisor to business, government, and the social sector. Michael Porter has taught generations of students at Harvard Business School and across the entire University, as well as business, government, and health care leaders from around the world. This work, known as value-based health care delivery, is diffusing rapidly in the literature and among practitioners. Porter and colleagues have introduced the core concepts for reorganizing health care delivery organizations, measuring patient outcomes and the actual cost of care by medical condition, designing value-based reimbursement models, and integrating multi-location health systems, among others. In Redefining Health Care (with Elizabeth Teisberg) and a series of articles, Dr. His 2011 paper with Mark Kramer, Creating Shared Value, highlights the power of capitalism as the best route to real solutions to many social problems.įinally, since the early 2000s, Michael Porter has devoted considerable attention to the economics of health care, with a focus on building the intellectual framework for realigning the delivery of health care to maximize value to patients (patient health outcomes achieved per dollar spent). His ideas have changed the way companies approach philanthropy and corporate social responsibility. Porter also developed a body of work on the role of corporations in society. The Porter Hypothesis has given rise to several hundred scholarly articles in the literature on environmental economics.ĭr. Porter proposed the “Porter Hypothesis” in the early 1990s, which put forward the novel theory that strict environmental standards were not in conflict with company profitability or national competitiveness, but could enhance both. His theories are widely applied by both government policymakers and economic development practitioners globally. He also created the Cluster Mapping Project, which pioneered the rigorous measurement of economic geography and has become the standard in the U.S., Europe, and a growing number of other countries. This large body of work includes numerous theoretical and empirical papers on the concept of clusters and their impact on economic performance. Porter next turned to economic development and competitiveness, where his work focused on the microeconomic underpinnings of national and regional economic development. Porter’s original work on industry structure, the value chain, and strategic positioning has informed much of his other research.ĭr. His November 2014 article, How Smart, Connected Products Are Transforming Competition, addresses the role of information technology in strategy. He continues to write about competition and strategy today. His ideas are taught in virtually every business school in the world as well as extensively in economics and other disciplines. Porter’s work has defined the modern strategy field. In addition to advancing his home field of industrial organization economics, Dr. Michael Porter’s early work was on industry competition and company strategy, where he was the pioneer in utilizing economic theory to develop a more rigorous understanding of industry competition and the choices companies make to compete. ![]() ![]() In 2000, Harvard Business School and Harvard University jointly established the Institute for Strategy & Competitiveness to provide a home for his research. His research approach-applying economic theory to complex systemic problems-reflects these multidisciplinary foundations. in Business Economics from Harvard’s Department of Economics. Porter’s initial training was in aerospace engineering at Princeton University. Porter is, at the core, a scholar, his work has also achieved remarkable acceptance by practitioners across multiple fields.ĭr. His research has received numerous awards, and he is the most cited scholar today in economics and business. His extensive research is widely recognized in governments, corporations, NGOs, and academic circles around the globe. ![]() Throughout his career at Harvard Business School, he has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic development, the environment, and health care. Michael Porter is an economist, researcher, author, advisor, speaker and teacher.
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