Remove Company Remove Porter Remove Price Remove Technology
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. While social media doesn't shift Porter's model , the social era surely does. Imagine that you wanted a new home theater system. Big Isn't Enough.

Porter 17
article thumbnail

Business Model Generation : Blog | Executive Coaching | CO2 Partners

CO2

There are several ways to generate Revenue Streams: Asset sale, Usage fee, Subscription fee, Lending/Renting/Leasing, Licensing, Brokerage fees, Advertising and corresponding Pricing Mechanisms) Key Resources – Key resources are the assets required to offer and deliver the previously described elements.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is Strategy, Again?

Harvard Business Review

If you read what Peter Drucker had to say about competition back in the late ’50s and early ‘60s, he really only talked about one thing: competition on price. It was this received opinion Michael Porter was questioning when, in 1979, he mapped out four additional competitive forces in “ How Competitive Forces Shape Strategy.”

article thumbnail

Stop Competing to Be the Best

Harvard Business Review

Who has the best technology? But if you want to win, says Michael Porter , this is absolutely the wrong way to think about competition. Not so in business, where companies like WalMart and Target can thrive and co-exist, each offering a different kind of value to its customers. Which one is the best? Is it the iPad? The Kindle?

Porter 19
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. We have identified how hospitals’ budgeting systems have erected three distinct barriers to the adoption of technology. How technology is changing the design and delivery of care. Gillian Blease/Getty Images. health care system.

article thumbnail

What We Know, Now, About the Internet’s Disruptive Power

Harvard Business Review

That wasn’t as magical as it might seem, he argued in the 1979 piece, since the required technologies already existed in some form or other. What successful companies are doing right. The implications of that insight were becoming obvious for companies that sold information, like newspapers and encyclopedias.

Porter 8
article thumbnail

The Commoditization of Scale

Harvard Business Review

In other words, the advantages of size gave some companies a bit of safe harbor. Where most managers are forced to spend their days figuring out the next best iteration on their products or services, a handful of companies have been able to exploit scale instead of vision in their pursuit of profit. Consider Porter's value chain.

Porter 12