| Michael E. Porter is the Bishop William
Lawrence University Professor, based at Harvard Business School.
A University professorship is the highest professional
recognition that can be given to a Harvard faculty member.
Professor Porter is the fourth faculty member in Harvard
Business School history to earn this distinction, and is one of
about 15 current University Professors at Harvard.
Professor Porter is a leading authority on
competitive strategy and the competitiveness and economic
development of nations, states, and regions. He received a B.S.E.
with high honors in aerospace and mechanical engineering from
Princeton University in 1969, where he was elected to Phi Beta
Kappa and Tau Beta Pi. He received an M.B.A. with high
distinction in 1971 from the Harvard Business School, where he
was a George F. Baker Scholar, and a Ph.D. in Business Economics
from Harvard University in 1973.
Professor Porter's ideas on strategy have
now become the foundation for the required strategy course at
the Harvard Business School, and is taught in virtually every
business school in the world. Professor Porter currently leads
Harvard's programs for chief executive officers of billion
dollar and larger corporations and created a University-wide
course on the microeconomics of economic development that is
also taught simultaneously, using Internet-delivered material,
in 17 other universities. Professor Porter also speaks widely on
competitive strategy and international competitiveness to
business and government audiences throughout the world. In 2001,
Harvard Business School and Harvard University jointly created
the Institute for Strategy and Competitiveness, led by Professor
Porter, to further his work.
Professor Porter is the author of 17 books
and over 100 articles. His book, Competitive Strategy:
Techniques for Analyzing Industries and Competitors, published
in 1980, is in its 58th printing and has been translated into
seventeen languages. His second major strategy book, Competitive
Advantage: Creating and Sustaining Superior Performance, was
published in 1985 and is in its 34th printing. His book On
Competition (1998) includes eleven articles from the Harvard
Business Review as well as two entirely new articles: 'Clusters
and Competition' and 'Competing Across Locations'. His Harvard
Business Review article 'What is Strategy?' is the foundation
for a third major strategy book due to be completed early next
year. His article 'Strategy and the Internet' (2001) won for
Professor Porter an unprecedented third first-place McKinsey
Award as the best Harvard Business Review article of the year,
and his fourth McKinsey Award
Professor Porter has also worked on the
relationship between competitiveness and the natural
environment. His Scientific American essay 'America's Green
Strategy', which showed that competitiveness and environmental
improvement could be complementary, triggered a body of
literature and new policy thinking, including 'Toward a New
Conception of the Environment-Competitiveness Relationship'
(1995) and 'National Environmental Performance Measurement and
Determinants' (2002).
Professor Porter has served as an advisor
on competitive strategy to numerous leading U.S. and
international companies, among them DuPont, Entel, Edward Jones,
Navistar, Procter & Gamble, Royal Dutch Shell, Scotts Company,
and Taiwan Semiconductor Manufacturing Company. He serves on the
boards of directors of Parametric Technology Corporation, Thermo
Electron Corporation, and Inforte Corporation and on several
advisory boards of emerging companies.
Professor Porter is also a counselor to
government. He plays an active role in U.S. economic policy with
the Executive Branch, Congress, and international organizations.
He is a member of the Executive Committee of the Council on
Competitiveness, a private-sector organization made up of chief
executive officers of major corporations, unions, and
universities, and has provided intellectual leadership for much
of the Council's work.
Professor Porter has also served as an
advisor to numerous foreign nations and groups of neighboring
countries. He has led major studies of the economy for the
governments of such countries as India, New Zealand, Canada, and
Portugal, and advised national leaders in Ecuador, Nicaragua,
Peru, Singapore, Taiwan, and Thailand, among others. His ideas
have inspired national competitiveness initiatives and programs
in more than a dozen other countries including Ireland, Finland,
and Norway and subnational regions such as Catalonia, Scotland,
and Northern Ireland. His thinking about economic development
for groups of neighboring countries has led to a long-term
initiative with the heads of state of the Central American
countries to develop and implement an economic strategy for that
region, including the formation of the Latin American Center for
Competitiveness and Sustainable Development (CLACDS), a
permanent institution based in Costa Rica.
Professor Porter has also assisted many
state and local governments in enhancing competitiveness. His
work with the Basque Country has helped transform that region's
economy to become the most prosperous region in Spain. In his
home state of Massachusetts, Professor Porter's pro bono work
led to a new economic strategy, beginning with the report The
Competitive Advantage of Massachusetts (1991). This effort
resulted in much new legislation, numerous state initiatives,
and the creation of Governor William F. Weld's Council on
Economic Growth and Technology, which Professor Porter chaired.
Professor Porter has also served as an advisor to the state of
Connecticut since the mid-1990s. He helped create an economic
plan for the state and helped author the 1998 and 1999 Cluster
Bills which were passed unanimously by the Connecticut
legislature, and led to a series of other state initiatives.
Recently, he has assisted Governors on economic policy in states
such as Mississippi and New Jersey.
The awards and honors won by Professor
Porter include Harvard's David A. Wells Prize in Economics for
his research in industrial organization and five McKinsey Awards
for the best Harvard Business Review article of the year. He
received the Graham and Dodd Award of the Financial Analysts
Federation in 1980. His book Competitive Advantage won the
George R. Terry Book Award of the Academy of Management in 1985
as the outstanding contribution to management thought. He was
elected a Fellow of the Academy of Management in 1988 and the
Royal Swedish Academy of Engineering Sciences in 1991. In 1991,
he received the Charles Coolidge Parlin Award for outstanding
contribution to the field of marketing and strategy given by the
American Marketing Association. Professor Porter was honored by
the Massachusetts State Legislature for his work on
Massachusetts competitiveness in 1991. In 1993, Professor Porter
was named the Richard D. Irwin Outstanding Educator in Business
Policy and Strategy by the Academy of Management. He was the
1997 recipient of the Adam Smith Award of the National
Association of Business Economists, given in recognition of his
exceptional contributions to the business economics profession.
A Fellow of the International Academy of Management since 1985,
he received that group's first-ever Distinguished Award for
Contribution to the Field of Management in 1998. In 2001, the
Porter Prize was established in Japan to recognize that nation's
leading companies in strategy. Professor Porter was honored by
the MBA Class of 2001 at Harvard Business School for his
extraordinary efforts as an outstanding faculty member. He has
been conferred honorary doctorates by the Stockholm School of
Economics; Erasmus University, the Netherlands; HEC (Hautes
Ecoles Commerciales), France; Universidada Tecnica de Lisboa,
Portugal; Adolfo Ibanez University, Chile; INCAE, Central
America; Johnson and Wales University; and Mt. Ida College. His
national honors include the Creu de St. Jordi (Cross of St.
George) from Catalonia (Spain) and the Jose Dolores Estrada
Order of Merit (the highest civilian honor awarded by the
Government of Nicaragua).
¡°Porter¡¯s mission is to bring about an
intellectual revolution: to infuse management with the rigour of
economics; to elaborate upon economics with examples taken from
real life; and, thus, to create a discipline that will enlighten
academics and business practitioners alike.¡±
¡ª¡ªThe Economist
¡°Michael Porter¡is widely accepted as the
world¡¯s most influential thinker on business strategy¡ Economics
undergraduates, MBA students and business school lectures all
follow his work avidly, while managers search his books for
clues on how to gain competitive advantage.¡±
¡ª¡ªPeople Management
¡°Porter is almost single-handedly laying
to rest one of the most enduring tenets of international
economics: the principle of comparative advantage, one that he
is using to teach companies, cities, regions, and nations ¡ª¡ª
and, most recently, groups of nations acting in concert ¡ª¡ª how
to compete on the world stage. Porter travels the globe to
advise nonprofit institutions, corporate chieftains, and heads
of state.¡±
¡ª¡ªWorldBusiness
¡°Competitive Strategy provides managers
with the raw material for thinking about how to change the rules
of the marketplace in their favor¡ Mr. Porter has
made a substantial contribution to the are of the strategist by
spelling out the richness of the alternatives which every
manager must consider.¡±
----Fred Cluck, Director,
Mckinsey & Company, Inc.
¡°Michael Porter has a very clear view of
the strategic process. He has helped us clarify what kind of
values we want to provide our customers, and how our
organization can create and sustain a competitive advantage in
the markets we serve. ¡±
----John A. Young
President and Chief Executive Officer
Hewlett¡ªPackard Company
¡°Competitive Advantage takes up where Competitive Strategy ends.
It goes beyond competitive analysis to show exactly how a
competitive strategy can be selected and implemented. Once
again, I am impressed with Porter¡¯s depth of thought. His
value-chain concept has been particularly useful to us in
analyzing sources of competitive advantage.
---Victor Millar
Managing Partner-Practice Arthur Andersen
& Co.
¡°Michael Porter again shows the power of scholarly thinking for
industry and business. I recommend Competitive Advantage to
business leaders because it gives them strategic but practical
solutions to the major issues they confront.¡±
---Dr. Koji Kobayashi |