Harvard Business Review

NOVEMBER 6, 2014

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. This is a reminder that serious students of market performance take market failures seriously.

Management 8

Management Crisis Porter Credit Rating 8

Harvard Business Review

NOVEMBER 6, 2014

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. This is a reminder that serious students of market performance take market failures seriously.

Management 8

Management Crisis Porter Credit Rating 8

Harvard Business Review

APRIL 15, 2014

Indeed, any company considering an adaptation initiative should first ask itself five questions: Do your customers really want you to change? If you bounce from one strategy (say, low prices) to another (full service) and back again, people won’t know what you stand for. But is constant adaptation always the best policy?

Disruptive Innovation 10

Disruptive Innovation Mass Marketing Fashion Porter 10

Harvard Business Review

APRIL 23, 2015

“These ideas are more than 30 years old,” managers complain. Your prices must be higher or your costs, including the cost of your balance sheet and the cost of taxes, must be lower. Every day entrepreneurs find new ways of getting higher prices than competitors or of reducing costs below those of competitors.

Strategy 8

Strategy Porter Price Cost of Capital 8

Harvard Business Review

NOVEMBER 3, 2016

Ever since the publication of Peter Senge’s The Fifth Discipline , 25 years ago, companies have sought to become “learning organizations” that continually transform themselves. But even the best companies still struggle to make real progress in this area. The Porter model of strategy isn’t obsolete.

Porter 8

Porter Competitive Advantage Senge Network Economy 8

Harvard Business Review

OCTOBER 4, 2013

From Michael Porter to Costas Markides and through the Blue Oceans of Kim and Mauborgne, strategy scholars have been urging executives to distinguish their firm’s offerings and carve out a unique market position. They carefully foster their status by claiming to always hire the brightest people and work for the best companies.

McKinsey 13

McKinsey Mauborgne Competitive Advantage Porter 13

Harvard Business Review

JULY 22, 2015

The internet and globalization have combined to render almost every company vulnerable to greater competition than ever. As Michael Porter argued a long time ago , the simplest measure of competition is profitability. The more competition a company faces, the harder it is to make money. Those competitive advantages are real.

Sull 8

Sull Competitive Advantage Porter Industry 8

Harvard Business Review

MARCH 2, 2011

The days when you could make a living responding to companies' discovery of strategy, as in "Gosh, we gotta get ourselves one of those," are gone with the 1970s (or maybe the 1990s in the "developing world"). Strategy has triumphed, the installed base is huge, no self-respecting company would be without one. Monitor & Co.,

Consultative 15

Consultative Strategy McKinsey Porter 15

Harvard Business Review

NOVEMBER 18, 2011

While this reality poses grave risks to thousands of communities, it is also the driver of a daunting, and often confusing, economic dilemma which businesses must prepare for.It's time for companies operating in the many dry regions around the world to equip themselves with the tools and mindset they need to navigate this new normal.

Supply Chain 14

Supply Chain Long-term Short-term Porter 14

Harvard Business Review

OCTOBER 21, 2016

These require sophisticated, sustainability-based management. Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. ” Improving risk management.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

MARCH 29, 2018

Each of the new companies offers the hope of transforming the performance of the U.S. A second, more radical solution is to create budgets and authority for a service line or integrated practice unit (IPU) that manages a patient’s entire treatment for a high-volume medical condition. Gillian Blease/Getty Images.

Budgeting 8

Budgeting System Innovation Payback Period 8

Harvard Business Review

JULY 18, 2017

Too many companies prioritize quarterly earnings over long-term innovation, human capital investment, and brand development, and many people believe short-term shareholders are to blame. So, if the company misses its quarterly earnings target, they sell their shares. Some companies take matters into their own hands.

Short-term 8

Short-term Intangible Assets Hedge Long-term 8

Harvard Business Review

NOVEMBER 13, 2012

Creating and Capitalizing on the Best New Management Thinking. Part of our initial response was to rank management gurus according to the measurable influence of their ideas; we were the first researchers to use scholarly methods to do so. For example, a British study showed the precise ways in which management gurus in the 1980s U.K.

Prahalad 15

Prahalad Hamel Core Competence Leadership 15

Harvard Business Review

JANUARY 23, 2013

My view is that pretending companies and markets hold all the answers actually puts at risk our ability to deal with our most pressing societal problems — and to help our most vulnerable citizens. Other objectives can but there is a price to be paid. How will that tension be managed or resolved?

Porter 9

Porter Welch Health Care Marketing 9

Harvard Business Review

JANUARY 13, 2011

Under managerial capitalism, overall production was no longer driven by market mechanisms; it was decided on by skilled managers in large companies. If you are a reader of management literature, as evidently you are, you cannot have failed to encounter the phrase "sustainable competitive advantage."

Competitive Advantage 15

Competitive Advantage Porter Politics Marketing 15

Harvard Business Review

FEBRUARY 14, 2012

"This business model is right for a company selling Purina Dog Chow, circa 1970.". Facebook, KickStarter, Kiva, Twitter, and other companies thriving in the social era are operating by the rules of the Social Era. But too many major companies — Bank of America, Sony, Gap, Yahoo, Nokia — that need to get it, don't.

Banking 16

Banking Business Model Supply Chain Mass Marketing 16

Harvard Business Review

NOVEMBER 22, 2012

Sometimes, it seems they've always loomed large: for decades, Michael Porter has been synonymous with strategy, and John Kotter with change management. After her beloved boss was fired, she took the show on the road, and got a job teaching cooking classes at Price Chopper supermarkets across the region. Build your platform.

Reputation 8

Reputation Case Study Ries Kotter 8

Harvard Business Review

JUNE 23, 2017

Insurers, along with public services, can directly “monetize” better individual behavior as healthier or safer individual outcomes, lower claims costs, and improve risk pools, which can be translated into lower-priced premiums and a competitive advantage in the marketplace. million people.

Insurance 10

Insurance Company Competitive Advantage Porter 10

Harvard Business Review

JULY 24, 2014

Ever since the International Charter on Space and Major Disasters was signed in 1999, satellite companies like DMC International Imaging have had a clear protocol with which to provide valuable imagery to public actors in times of crisis. Below is satellite imagery the company provided to Algeria to help track the spread of locusts.).

Porter 10

Porter Competitive Advantage Core Competence Crisis 10

Harvard Business Review

AUGUST 23, 2017

The idea that companies face enormous pressure to deliver short-term results at the expense of long-term health is widespread among executives. McKinsey has made its case empirically, finding evidence linking long-term management to superior financial performance. You can go back 25 years and hear the same argument from Michael Porter.

Short-term 8

Short-term Porter Long-term Kaplan 8

Harvard Business Review

OCTOBER 15, 2014

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?”

Strategy 8

Strategy Rivkin Game Theory Porter 8

Harvard Business Review

DECEMBER 15, 2015

So activists and consumers increasingly looked directly at companies themselves for changes in how natural resources were used. What are some recent ways that companies have responded to sustainability challenges? Nobody had put a price on the fish—it was free if you had the tools to get it. Here’s just one example.

Price 8

Price Constraint Resources Cost 8