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. In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Even Tirole betrays this bias.

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. In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Even Tirole betrays this bias.

Management 8

Management Crisis Porter Credit Rating 8

Harvard Business Review

OCTOBER 14, 2013

The health care industry has survived economically by cross-subsidizing margin shortfalls in one activity with the revenues generated from others. To obtain an understanding of the costs, the center is applying a combination of two management tools: process mapping from industrial engineering and activity-based costing from accounting.

Health Care 8

Health Care Kaplan Porter Cost 8

Harvard Business Review

JULY 22, 2015

But is business really so competitive – not in a few prominent industries, but in the economy as a whole? As Michael Porter argued a long time ago , the simplest measure of competition is profitability. The macro numbers tell a very different story. The more competition a company faces, the harder it is to make money.

Sull 8

Sull Competitive Advantage Porter Industry 8

Harvard Business Review

APRIL 23, 2015

“These ideas are more than 30 years old,” managers complain. Another example comes from the restaurant industry. Porter had it figured out in the mid-1980s. “Isn’t there anything more recent?” ” Unfortunately, this question demonstrates a lack of understanding of the nature of knowledge.

Strategy 8

Strategy Porter Price Cost of Capital 8

Harvard Business Review

NOVEMBER 2, 2017

Today, broadcast and cable television, print journalism, taxi cabs, and (over the longer term) oil and gas are among the industries facing formidable challengers determined to co-opt their purpose. All the strengths you had worked so hard to build no longer mattered. ” Aim for the golden mean.

Strategy 13

Strategy Company How To Supply Chain 13

Harvard Business Review

NOVEMBER 18, 2011

With agriculture making up 9 percent of the state's economy, and water shortages already threatening growth in the state's energy industry , it's not a reach to suggest that the future of the Texas economy will be tied closely to water availability. The economic cost of the drought has been incredible; Texas lost $5.2

Supply Chain 14

Supply Chain Long-term Short-term Porter 14

Harvard Business Review

MAY 25, 2011

But Thomson Reuters Foundation took a different tack in its response, going beyond donating to leverage its parent company's core competencies in information and the legal industry to catalyze change. They can examine the company's core operations to discover ways to help make a difference while continuing to make a profit. Take Cisco.

Porter 12

Porter Core Competence Globalization Business Model 12

Harvard Business Review

JANUARY 13, 2014

But had they looked at themselves from the point of view of their customers, they would have seen that they were really in the transportation and logistics business and would have better understood the challenge, and the opportunities, represented by the growing airline industry. Embrace your organization’s humanity.

Levitt 11

Levitt Christensen Competitive Advantage Welch 11

Harvard Business Review

JANUARY 7, 2013

Many management thinkers argue that it is no longer enough to do well financially; companies also need to improve the well-being of (or at least not harm) the communities in which they operate, the environment, and their employees. Porter and Mark R. Some companies probably aren't managing with such issues in mind.

Company 10

Company Long-term Porter CEO 10

Harvard Business Review

MARCH 2, 2011

Marakon , which put value-based management at the core of its strategy concentration, is essentially defunct. co-founded by Michael Porter back in the early 1980s, has seen better days. Monitor & Co., The most intense competition between consulting firms is for "whale" engagements. He is based in New York City and Boston.

Consultative 15

Consultative Strategy McKinsey Porter 15

Harvard Business Review

JANUARY 13, 2011

Writing in the 1970s, Chandler described the growth of large industrial organizations in the early 20th century. Under managerial capitalism, overall production was no longer driven by market mechanisms; it was decided on by skilled managers in large companies. The entire enterprise of management has been to find a way around it.

Competitive Advantage 15

Competitive Advantage Porter Politics Marketing 15

Harvard Business Review

OCTOBER 21, 2016

These require sophisticated, sustainability-based management. Michel Porter and Mark Kramer pioneered the idea of “creating shared value,” arguing that businesses can generate economic value by identifying and addressing social problems that intersect with their business. ” Improving risk management.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

SEPTEMBER 25, 2013

She said, “We all managed to make time for our executive MBAs, while still doing our day jobs. Find and follow the opinion leaders in your domain, read up on the classics , brush up on your Michael Porter. Career planning Leadership Managing yourself' One of my students had a great piece of advice for her classmates.

Porter 10

Porter Delegation Learning-by-Doing Project 10

Harvard Business Review

FEBRUARY 14, 2012

It recognizes this new reality will spell decline for some commercial activities, but growth for others who find better ways of operating. The change has not gone unremarked by management's leading thinkers. Witness Chris Lazslo's work on sustainable value , and Michael Porter's theorizing about shared value.

Globalization 14

Globalization NGO Leadership Development Politics 14

Harvard Business Review

AUGUST 18, 2014

We know this because both businesses earn returns that are reasonable for their industries. It seems evident that the split does not create a new resource, and it is not obvious why splitting would enable the management team to exploit existing resources better. So how does RBV explain the decision to split the company into two?

RBV 9

RBV Competitive Advantage Resources Media 9

Harvard Business Review

JUNE 6, 2013

Video Management. This first step in a Map analysis requires managers to think deeply about how with whom they create value for the ultimate end-user. The second truth is that competition is symmetric in its operation. In some industries, such as military contracting, this second source of value capture may be dominant.

Supply Chain 8

Supply Chain Price Analysis Porter 8

Harvard Business Review

OCTOBER 9, 2015

“The proper goal for any health care delivery system is to improve the value delivered to patients … To properly manage value, both outcomes and cost must be measured at the patient level,” Harvard’s Robert Kaplan and Michael Porter tell us. But, why do we only define patient value by outcomes and cost?

Health Care 8

Health Care Cost Kaplan Porter 8

Harvard Business Review

MAY 13, 2014

I spoke with contributor Don Sull , who teaches strategy at MIT and the London Business School, about the tension between scholars who put sustainable competitive advantage at the center of strategy and those who argue that some industries are changing too quickly to allow for sustained performance. Start with Michael Porter.

Sull 10

Sull Competitive Advantage Porter Innovation 10

Harvard Business Review

JULY 22, 2015

division of the Korean conglomerate Hanguk Industries, where Mark, a vice president of technology, reported to him. The division had just won a big contract with a major mobile operator in Qatar and needed to customize a smartphone system for the client’s Middle East–wide network in the next six months. “Good news?”

Case Study 8

Case Study Career Biotechnology Course 8

Harvard Business Review

MAY 3, 2018

But as the digital revolution continues to spark widespread disruption in other industries — automotive, financial services, health care, and retail — who will win? The contest is now shifting toward more-traditional industries, like transportation (Lyft and Uber, for example) and hospitality (Airbnb).

Company 8

Company Venture Capitalist GDP Retail 8

Harvard Business Review

MAY 27, 2014

Industries have become boundless. In the 1980s, Michael Porter built on this idea and made it more possible for managers to act on with his concept of value chains. His ideas provided managers with a blueprint for building competitive advantage. The world envisioned by Coase and Porter was relatively stable.

Strategy 9

Strategy Competitive Advantage Porter Efficiency 9

Harvard Business Review

DECEMBER 15, 2015

You can find both of those groups in any period, any industry, any geography. For the energy industry, obviously, the discussion has been around a cap and trade system—or, more generally, a regulatory system that creates incentives for companies to emit less carbon dioxide. If you go back to the post-war years in the U.S.,

Price 8

Price Constraint Resources Cost 8