Michael Porter is perfect competition. Video: A detailed description of the selection of a competitive strategy for Porter. How the model is used: analyzing the situation and building a strategy

Porter, Michael

Best known as a popularizer of the concept of an economic cluster, he showed that the competitiveness of a company is largely determined by the competitiveness of its economic environment, which, in turn, depends on the basic conditions (common resource) and competition within the cluster.

According to M. Porter, the more developed competition is in domestic market country and the higher the requirements of buyers, the more likely the success of companies from that country on international markets(and vice versa, the weakening of competition in the national market leads, as a rule, to the loss of competitive advantages).

M. Porter's fundamental book The Competitive Advantage of Nations was published in Russian under the title International Competition.

Michael Porter is one of the leading experts in the study of the nature of competition. During his career, Porter has acted as a business consultant for world-renowned companies, among which, for example, AT&T, DuPont, Royal Dutch / Shell and Procter & Gamble, provided services to the boards of directors of Alpha-Beta Technologies "," Parametric Technology Corp. "," R & B Falcon Corp "and" ThermoQuest Corp ". Porter also served as a government consultant. He was appointed to the Presidential Commission on Industry Competitiveness by President Reagan and was also invited by Massachusetts Governor William F. Weld to serve as Chairman of the Governor's Council on Economic Growth and Technology. M. Porter advised the governments of countries such as India, New Zealand, Canada and Portugal, and is currently the leading regional strategy development specialist for the presidents of Central America. Professor Porter has pioneered the revitalization of America's old inner cities. M. Porter is the founder and chairman non-profit organization Initiative for a Competitive Inner City (USA), which seeks to accelerate the development and growth of the old city center based on business, and offers a new approach to its economic development.

Professional awards, awards: Received three McKinsey awards for his articles. George R. Terry Book (Academy of Management) award for "Competitive Advantage as Outstanding Contribution to Management Development." Adam Smith Award (National Association of Industrial Economists). Seven honorary doctorates.

Literature

• Michael Porter Competition = Michael E. Porter on Competition. - M .: "Williams", 2006. - S. 608. - ISBN 5-8459-0794-2

Links

External links and notes

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See what "Porter, Michael" is in other dictionaries:

Michael E. Porter (born 1947) Professor in the Department of Business Administration, Harvard Business School. Harvard business School), a recognized specialist in the field of study economic competition, including competition ... Wikipedia

Michael Porter Michael Porter Date of birth: 1947 (1947) ... Wikipedia

Michael Porter ... Wikipedia

- (English Michael E. Porter; born in 1947) Professor of the Department of Business Administration at Harvard Business School, a recognized specialist in the study of economic competition, including competition on ... ... Wikipedia

Michael Redd Position: Attacking guard Height: 198 cm Weight: 97 to ... Wikipedia

George Porter eng. George Porter ... Wikipedia

Drink Porter is a kind of beer. Surname Famous carriers: George Porter (born George Porter; 1920 2002) English physicochemist, member of the Royal Society of London (1960). Porter, David Dixon Porter (1813 1891) ... ... Wikipedia

Michael Francis Atiyah eng. sir Michael Francis Atiyah ... Wikipedia

Michael Vincent Hayden ... Wikipedia

Books

• International competition. Competitive Advantages of Countries, Porter Michael E. How do nations achieve prosperity and prosperity in the global economy? To find out, Michael Porter conducted basic research... For four years he studied ten ...

Countries.

Michael Porter
Michael porter
Date of Birth	May, 23rd(1947-05-23 ) (Age 71)
Place of Birth	Michigan
Country
Scientific sphere	economy
Place of work	Harvard University
Alma mater	Princeton University Harvard Business School Harvard University
supervisor	Richard Earl Robinson[d] and Richard E. Caves[d]
Known as	specialist in the study of economic competition
Awards and prizes
Michael Porter at Wikimedia Commons

Biography

Professor Porter has pioneered the revitalization of America's old inner cities. M. Porter is the founder and chairman of the non-profit organization Competitive Hinterland Initiative (eng. Initiative for a Competitive Inner City) (USA), which is looking for ways to accelerate the development and growth of the old central part of the city, based on business, and offers a new approach to its economic development.

Scientific views

Porter, as a popularizer of the concept of an economic cluster, showed that the competitiveness of a company is largely determined by the competitiveness of its economic environment, which, in turn, depends on the basic conditions (common resource) and competition within the cluster.

Porter proposed the first known typology of competitive strategies (basic competitive strategies).

Porter developed a well-known competitiveness analysis methodology to determine the company's strategy based on the study of the actions of competitors and the market as a whole, and also described the stages of growth in the competitiveness of the national economy (from the stage of "primary factors", such as cheap labor, to the stage of competition based on innovation and the last stages - competition based on wealth).

According to Michael Porter, the stronger the competition in the domestic market of a country and the higher the demands of buyers, the more likely the companies from this country will succeed in international markets (and vice versa, the weakening of competition in the national market usually leads to the loss of competitive advantages).

Michael Porter defines sustainable competitive advantage as a combination of activities that are difficult to copy.

He developed a model of 5 market forces, which includes existing competitors, new competitors over a period of time, competitors who trade in substitute goods or offer substitute services, suppliers and consumers.

Porter's fundamental book The Competitive Advantage of Nations was published in Russian under the title International Competition.

Bibliography

Monographs

• Interbrand Choice, Strategy, and Bilateral Market Power (Harvard Economic Studies). - Cambridge, Mass .: Harvard University Press, 1976 .-- 254 p. - ISBN 0-674-45820-6.
• Competitive Strategy: Techniques for Analyzing Industries and Competitors. - New York: The Free Press, 1980 (2nd ed. - New York: Free Press, 1998. - 397 p. - ISBN 978-0-684-84148-9);

Russian per.: Competitive strategy: Methods for analyzing industries and competitors / per. from English I. Minervina; - M.: "

Professor of the Department of Business Administration at Harvard Business School, a recognized specialist in the study of economic competition, including competition in international markets, competition between countries and regions. Developed a theory of countries' competitive advantages.

Michael Porter was born in 1947 in Michigan in the family of an army officer. He graduated from Princeton University, then received an MBA and a PhD from Harvard University, completing each stage with honors. Since 1973 he has been working at Harvard Business School (he was the youngest professor in the history of this college). I spent a huge research work to study over 100 industries in different countries.

Professional awards, prizes:

He has received three McKinsey awards for his articles.

George R. Terry Book (Academy of Management) award for "Competitive Advantage as Outstanding Contribution to Management Development."

Adam Smith Award (National Association of Industrial Economists).

Seven honorary doctorates.

Consulting companies and government agencies

Michael Porter is one of the leading experts in the study of the nature of competition. During his career, Porter has acted as a business consultant to world-renowned companies such as AT&T, DuPont, Royal Dutch / Shell and Procter & Gamble, and has provided services to the boards of directors of Alpha-Beta Technologies, Parametric Technology Corp., R & B Falcon Corp and ThermoQuest Corp.

Porter also served as a government consultant. He was appointed to the Presidential Commission on Industry Competitiveness by President Reagan and was also invited by Massachusetts Governor William Weld to serve as Chairman of the Governor's Council on Economic Growth and Technology. M. Porter has advised the governments of countries such as India, New Zealand, Canada and Portugal, and is currently the leading regional strategy development specialist for the presidents of Central America. In the 1990s, he advised the South Korean government.

In 2006, the Russian Government commissioned M. Porter to conduct a study to analyze the country's competitiveness. According to the economist, the main problem in Russia is a one-sided focus on raw materials and the presence of a mass of vertically integrated companies. “To become competitive, key corporations do not have to be built on a national security concept. The concept of national leaders died with General Motors - nobody believes in it. The heart of the economy is small mobile companies. "

Professor Porter has pioneered the revitalization of America's old inner cities. M. Porter is the founder and chairman of the non-profit organization Initiative for a Competitive Inner City (USA), which is looking for ways to accelerate the development and growth of the old city center based on business, and offers a new approach to its economic development.

Scientific views

Porter, as a popularizer of the concept of an economic cluster, showed that the competitiveness of a company is largely determined by the competitiveness of its economic environment, which, in turn, depends on the basic conditions (common resource) and competition within the cluster.

Porter developed a well-known methodology for analyzing competitiveness, and also described the stages of growth in the competitiveness of the national economy (from the stage of "primary factors", such as cheap labor, to the stage of competition based on innovation and the last stage - competition based on wealth).

According to Michael Porter, the stronger the competition in the domestic market of a country and the higher the demands of buyers, the more likely the companies from this country will succeed in international markets (and vice versa, the weakening of competition in the national market usually leads to the loss of competitive advantages).

Porter's fundamental book The Competitive Advantage of Nations was published in Russian under the title International Competition.

Michael Porter - famous economist, researcher, writer, teacher. Throughout her career at Harvard Business School, facing economics and society including market competition and company strategy, economic development, health care and environmental protection.

His extensive research in the field of economic competition is widely recognized in governments, corporations, and academia around the world. They have received numerous awards.

Professor Porter is the recipient of twenty-four honorary doctorates and several national and state awards. He received the world's first economic development award from the US Department of Commerce and was elected an honorary member of the Royal Society of Edinburgh and other high-profile societies.

In 2000, Porter was named a professor at Harvard University - the highest title that can be awarded to a teacher of this educational institution.

Some biographical facts

In his younger years, he was fond of football and baseball, participated in competitions from his state. He traveled extensively around the world.

At Princeton, he played golf among college students. Graduated from Princeton University in 1969 with a thorough study of aerospace and mechanical engineering.

In 1973 he received his Ph.D. in business economics from Harvard University. Porter served in the US Army Conservation Reserve as a captain.

Over the years, he maintains an inexhaustible interest in aesthetics and business, music and art, working on strategy issues with art organizations and aspiring musicians.

Today Professor Porter and his two daughters live in Brooklyn, Massachusetts.

Porter's five forces

It is a business analysis model that helps explain why different industries are able to support different levels profitability. The model was originally published in Michael Porter's book Competitive Strategy: Methods for Analyzing Industries and Competitors in 1980.

The model is widely used to analyze the industry structure of the company, as well as its corporate strategy... Michael Porter has identified five undeniable forces that play a role in shaping every market and industry on a global scale. Forces are often used to measure the intensity of competition, the attractiveness and profitability of an industry or market.

These forces are:

1. Industry competition.
2. Potential for new entrants to the industry.
3. The power of suppliers.
4. Customer power.
5. The threat of substitute products.

Understanding Porter's 5 forces and applying them to the industry allows the company to adjust its business strategy to better use resources to generate higher returns.

Achievements and success

One of the most influential management gurus of this century, Michael Porter is recognized as the father of corporate strategy and management. Evidence of this is the fact that on the shelf of every successful businessman there are his books, which are a huge opus in the field competitive strategy and strategic action companies.

Porter's research found universal acceptance. His ideas are incorporated into the curriculum of every prestigious business school around the world. He is responsible for creating the foundation for modern business strategy courses and is a strategic advisor to many successful and leading American and international companies.

Over the years, Professor Porter has written more than 18 books and 125 various articles about the advantages of the business and the competitive strategy in it. He was a guest columnist for the Wall Street Journal.

Some of his works:

• "Strategy for the formation of competitive forces";
• "Competitive Strategy";
• Redefining Health Care: Creating Competitive Value Based on Results;
• "Strategy and the Internet".

When Porter began studying strategy, he believed that many strategic mistakes were caused by external factors such as consumer trends, or technological change... He said: “After 25-30 years, I have come to realize that many, if not most, strategic mistakes come from within. The company does it on its own. "

Awards and achievements

In 2009 he received an honorary degree from McGill University.

He is the recipient of the José Dolores Estrada Order of Merit, one of the highest civilian awards awarded by the Nicaraguan government.

Received the McKinsey award six times.

Member of the Society for Strategic Management.