Remove Company Remove Finance Remove Porter Remove Price
article thumbnail

Jim Collins, Meet Michael Porter

Harvard Business Review

Great By Choice , for example, focuses on why some companies thrive in uncertainty, even chaos, when others do not. And that's where Michael Porter enters the picture. Porter's work provides that rigor, as it defines the economic fundamentals of competition and strategy. You have to make good choices. So what are good choices?

Porter 15
article thumbnail

Why Porter's Model No Longer Works

Harvard Business Review

But instead of spending hours in Best Buy or on Amazon comparing configurations and assembling the parts you needed, you could signal what you wanted and a company would create it for you. It will help us decide what we make, how much we make, and how we finance that production. Imagine that you wanted a new home theater system.

Porter 17
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

Each of the new companies offers the hope of transforming the performance of the U.S. The IPU is an essential component of the value-based care model advocated by Harvard Business School’s Michael Porter. Gillian Blease/Getty Images. Nearly 800 digital health startups were funded in 2017, an all-time high. health care system.

article thumbnail

Strategy Lessons From Jean Tirole

Harvard Business Review

The academic study of strategy took a big leap forward in the 1970s when Michael Porter of HBS looked at earlier economic research on industry structure and noticed that market power — which economists wanted to minimize — was the same thing as sustained profitability, which corporate executives wanted to maximize. Should we lower our prices?”

article thumbnail

Corporate Reporting Needs a Reboot

Harvard Business Review

There is a clamor of voices demanding the rebooting of capitalism, from academics (such as Michael Porter) and politicians (like Al Gore) to investors (such as CalPERS) and Occupy''s street activists. The system has lost sight of the point of reporting: to give companies access to financial capital by communicating their value to investors.

Report 8
article thumbnail

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

And Michael Porter and Mark Kramer point to a big pot of gold for businesses that properly internalize the social consequences of their decisions instead of incorrectly externalizing them. For instance, poor decisions by managers at a company will be of more concern if the company is one of a few or, even worse, a monopoly.

article thumbnail

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

And Michael Porter and Mark Kramer point to a big pot of gold for businesses that properly internalize the social consequences of their decisions instead of incorrectly externalizing them. For instance, poor decisions by managers at a company will be of more concern if the company is one of a few or, even worse, a monopoly.