Understanding Michael Porter: A book review by Bob Morris

First Friday Book Synopsis

Understanding Michael Porter: The Essential Guide to Competition and Strategy Joan Magretta Harvard Business Review Press (2011) How and why organizations can achieve and then sustain competitive advantage, especially in turbulent and uncertain times Although this book offers – in my opinion — the single best introduction to the major insights of Michael Porter, other [.].

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Michael Porter on Strategy Execution

Six Disciplines

Porter, director of Harvard's Institute for Strategy and Competitiveness. Porter's insights on strategy and execution? Managers need to develop a clear strategy around their company's unique place in the market (and not worry as much about creating strategy to compete head-on with other companies.). A while back, The Wharton School published an article on strategy formulation, from Michael E.

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Not Just Better, but Different – A Quote for the Day from Michael Porter on Strategy

First Friday Book Synopsis

It refers to any number of practices that allow a company to better utilize its inputs by, for example, reducing defects in products or developing better products faster. Operational effectiveness (OE) means performing similar activities better than rivals perform them. Operational effectiveness includes but is not limited to efficiency.

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Jim Dewald on “Entrepreneurial Thinking”: Part 2 of an interview by Bob Morris

First Friday Book Synopsis

Jim Dewald is the dean of the Haskayne School of Business at the University of Calgary and an associate professor in the strategy and entrepreneurship. A business leader who can provide an effective bridge between strategy theory and on-the-ground practice, his research interests are related to the micro-foundations of strategy formulation and implementation. Specifically, his… Read More Jim Dewald on “Entrepreneurial Thinking”: Part 2 of an interview by Bob Morris.

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Jim Dewald on “Entrepreneurial Thinking”: Part 1 of an interview by Bob Morris

First Friday Book Synopsis

Jim Dewald is the dean of the Haskayne School of Business at the University of Calgary and an associate professor in the strategy and entrepreneurship. A business leader who can provide an effective bridge between strategy theory and on-the-ground practice, his research interests are related to the micro-foundations of strategy formulation and implementation. Specifically, his… Read More Jim Dewald on “Entrepreneurial Thinking”: Part 1 of an interview by Bob Morris.

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Four Steps for Making Better Decisions

Next Level Blog

Main | What Leaders Can Learn About Speaking from Martin Luther King » January 17, 2011 Four Steps for Making Better Decisions A friend recently gave me a copy of a new book that’s out now, The Price of Everything by Eduardo Porter

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Trust, Inc: A book review by Bob Morris

First Friday Book Synopsis

2014) How and why a high trust culture is one within which personal growth and professional development are most likely to thrive Curious, I checked the etymology for the word “incorporated” and learned that it means “united in […]. Green e pluribus unum How and why a high trust culture is one within which personal growth and professional development are most likely to thrive James M.

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Dan Pontefract : Part 2 of an interview by Bob Morris

First Friday Book Synopsis

He also holds the role of Head of Learning & Collaboration at TELUS where he is responsible for the overarching leadership development, learning and collaboration strategy for the company where he introduced the TELUS Leadership Philosophy and the Learning 2.0 Dan Pontefract is the author of Flat Army: Creating a Connected and Engaged Organization.

Sequel: How Engaged Employees Create Engaged Clients

Lead Change Blog

Posted in Leadership Development Every passenger wants to be treated like a first class passenger and that is exactly what Porter does – their moto… Flying Refined. Porter’s Success I was deep into my work as I noticed the snack and beverage cart from the corner of my eye. Leadership Development actions Character Character-based Leadership communication engagement influence

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Surveying Strategy: The Positioning School

LDRLB

The positioning school is most closely associated with its undisputed champion, Harvard professor Michael Porter. The positioning school favored a focus on the actual content of the strategy, rather then the formal process of developing it. Strategy porter positioning strategy surveyingstrategy This post is the third in a series about the various schools and models of making organizational strategy. Strategy is an analytical process.

What's On Your Stop-Doing List

Six Disciplines

According to Michael Porter, the essence of strategy is deciding what not to do. If your organization doesn't develop the discipline to do this, our wonderful free market system will BusinessWeek published an article " Are You Losing Control of Your Business? " in which it advised: "No. 1 on your to-do list? Make a "stop doing" list". BOTTOMLINE: As part of the strategic planning process, a distinctive step in Discipline I.

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Where Winners Live

Leading Blog

Where Winners Live by Dave Porter and Linda Galindo is a book oriented towards sales professionals, but the issue it deals with is important (vital) to us all—personal responsibility. Where do you live? * * * Like us on Facebook for additional leadership and personal development ideas. * * *. Personal Development

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12 Keys To Dauntless Innovation

Lead Change Blog

Matt’s team concentrated on developing a system to get aid to remote villages in the heavily-damaged Gorkha region. With Everest closed for the season, the porters who help mountaineers transport their gear during expeditions were suddenly unemployed.

12 Keys To Dauntless Innovation

Lead Change Blog

Matt’s team concentrated on developing a system to get aid to remote villages in the heavily-damaged Gorkha region. With Everest closed for the season, the porters who help mountaineers transport their gear during expeditions were suddenly unemployed.

New Year. New Leader.

Lead Change Blog

Here they are: Daniel Pink – In 2015, London-based Thinkers 50 named him, alongside Michael Porter and Clayton Christensen, as one of the top 10 business thinkers in the world. What do leaders need to know right now? It’s really a simple question. Or is it?

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Why Go it Alone in Community Development?

Harvard Business Review

Now think about how companies approach their community development and CSR programs. In some parts of the world government mismanagement of community development (deliberate or otherwise) has led to civil strife, sometimes resulting in armed conflict, creating a security scenario where business simply cannot continue to operate. Looking at history, business cannot afford to be not interested in community development.

Who Carries the Flag?

Lead Change Blog

renowned Harvard Business School Professor Michael Porter was invited to lead a strategic planning meeting. Dr. Porter is here to start our strategic planning meeting. Leadership Development Self Leadership flag flag carrying leadership Responsibility

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The Big Trends Changing Community Development

Harvard Business Review

This is what is going on now in community development. Meanwhile, a second trend is the growing eagerness of the private sector to play a genuine and substantial role in community development. The term was coined by Michael Porter to denote a broader goal for businesses than share holder value; companies operating with a shared value mindset prioritize business investments that also produce social value – and prioritize social investments that also produce business value.

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Do you have a company strategy?

Bernd Geropp

Objectives and action plans are then developed to implement the strategy. Using several examples, Michael Porter (Harvard Business School) highlights this problem in the YouTube Video “What is strategy?”: Tweet. Tweet Photo: Naveros/ Resource: www.photocase.de.

Getting Smarter about the Teen Journey

Building Personal Strength

This is what a young person experiences from age 12 to 22, when the all-important pre-frontal lobes of the brain are developing. At a time when they are developing adult bodies, their adult brains are slowly, slowly forming. I've studied brain development for years.

The Strategy Book

Leading Blog

The tools include: SWOT analysis, Porter's 5 forces of competition, McKinsey's 7-S framework, BCG’s product portfolio matrix, Kim and Mauborgne's blue ocean, Kaplan and Norton's balanced scorecard, Mintzberg’s deliberate and emergent, Prahalad's bottom of the pyramid and twenty-one more. * * * Like us on Facebook for additional leadership and personal development ideas. “Strategy is about shaping the future,” writes Max McKeown.

Have a Nice Conflict!

Leading Blog

He first met “Doc” Porter in the early seventies and they click almost immediately. Elias Porter’s Relationship Awareness Theory , on which the book is based, resonated with my Dad. Over time, we develop a set of “go-to” strengths.

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Leaders Weigh in on Achieving Breakthrough Results – A Frontline Festival

Let's Grow Leaders

Organizations have many walls that hamper culture, development, and operations. ” – Michael Porter. Welcome back to the Let’s Grow Leaders Frontline Festival. Our October Festival is all about Achieving Breakthrough Results.

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The Complexity of Business Communication

CoachStation

Compare Michael Porter’s competitive advantage definition: “Competitive advantage, sustainable or not, exists when a company makes economic rents, that is, their earnings exceed their costs (including cost of capital).” Develop skills in story-telling and influence differently.

Revealing Leadership Insights From Thinkers50

Tanveer Naseer

From blue ocean strategy to Michael Porter’s five forces, Vijay Govindarajan’s reverse innovation to Richard D’Aveni’s hypercompetition, great thinkers and their ideas directly effect how companies are run and how business people think about and practice business.

20 Interesting Behaviors of Strategy Tourist

Strategy Driven

So take advantage of all the strategy tourists you know and develop opposite behavior. Develop your power play skills and use them as often as you can. He has shared the stage with prominent strategists like Michael Porter and reached out to 21,000+ leaders in 30+ countries.

How to never fear the competition ever again!

Bernd Geropp

Porter’s advertising strategies are based on this, and are widely used and accepted. Many entrepreneurs start by developing a product and then look for customers. This is how many unmarketable products get developed, especially in B2B markets.

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What is “ready to use”? « Crossderry Blog

Crossderry Blog

Posted on January 8, 2010 by Paul Ritchie Sorry, Derek, it's prêt-à-l'emploi not prêt-à-porter. I’ve found that the packaged application and custom development fields make at least some nod to standard project management practices. Home About Experience Trap/Complexity Set KM Set Metrics Set Crossderry Blog Entries RSS | Comments RSS Where’s Crossderry read?

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What is the Price?

Kevin Eikenberry

Consulting Speaking Training Products KevinEikenberry.com About Blog Home Blogs I Like Leadership Learning Subscribe What is the Price?

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Innovation in Complex Civic Environments

Mills Scofield

Recognize that we work in complex environments and develop tools specifically for such environments. Yet, we continue to rely on “blue ribbon panels” to develop and impose solutions in complex environments. As Michael Porter has said, “Innovation is the central issue in economic prosperity.” This guest post is by my friend, Chris Thompson , Director of Regional Engagement for the Fund for Our Economic Future in Cleveland, OH.

Book Review: Ruthless Focus

LDRLB

When reading Ruthless Focus , the parallels to two authors develop immediately: Collins and Porter. Jim Collins in Good to Great offers his “Hedgehog Concept” a simplistic way to develop a strategy by answering three questions. Likewise, the five strategies echo Porter’s competitive strategy model, where organizations select one of five market positions. The ideas behind developing strategy have been writing about previously.

Social Mood and Presidential Leadership

Coaching Tip

The rampant speculation of the time spread beyond the financial class, such that porters and ladies' maids had enough money to buy their own carriages. Who will occupy the Oval Office when the next Grand Supercycle depression develops?

Leading Through Global Tilt: My Interview with Ram Charan

C-Level Strategies

When his talent for business was discovered, Ram was encouraged to develop it. Through keen observation and analysis, he forms powerful insights that help business leaders face their toughest challenges in the areas of growth, talent development, corporate governance, and profitability.

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Should the Strategic Plan Rest in Peace? | In the CEO Afterlife

In the CEO Afterlife

The process that started in the 1950’s evolved through various strategic analyses including SWOT (Strengths, Weaknesses, Opportunities, and Threats), Michael Porter’s competitive strategy model, core competencies, strategic intent and business transformation. In the CEO Afterlife.

Leaders. Better. Brighter.™ · Leadership From The Inside-Out!

Leaders. Better. Brighter.

January 27, 2011 in Leadership development by Marc Michaelson | 3 comments Leadership is a verb, not a noun. Leadership development is ultimately personal development. Leaders. Better. Brighter.™

The Big Picture of Business: Leadership for the New Order of Business Part 1

Strategy Driven

Business development. However, the manual writing of spreadsheets gave us the chance to digest and learn from the information, developing the skills to better program for our audience.

Dr. Liz Alexander on Thought Leadership

Rajesh Setty

First, Dr. Liz Alexander Bio: Dr. Liz Alexander establishes executives as thought leaders by exposing them to the seven-step process she developed from 25 years as a successful nonfiction author and book consultant. Thought Leadership is one of my favorite topics.

Why President Kagame Runs Rwanda Like a Business

Harvard Business Review

He has presided over an economic and social rebirth, with Rwanda making dramatic gains in health and development indicators ( watching its recent progress on Gapminder is a remarkable sight). Curiously, though, Kagame''s Q&A with Porter''s students ended up dwelling only on political issues.

Shared Value vs. Don't Be Evil

Harvard Business Review

Michael Porter and Mark Kramer's article in January's HBR tries to advance our world's shared values by arguing that doing right is the best long-term business strategy. But first, let's praise Porter and Kramer. Their article puts Porter's reputational weight behind an idea that in itself has, well, shared value. These are no small things and I share Porter and Kramer's values.

The Commoditization of Scale

Harvard Business Review

To understand my point, let's think about how big companies have developed scale advantages through information systems. Consider Porter's value chain. Develop a strategy that doesn't simply rely on being the biggest. Develop a vision of the future.

Landing Amazon HQ2 Isn’t the Right Way for a City to Create Jobs. Here’s What Works Instead

Harvard Business Review

Amazon’s highly visible search for a second headquarters has offered one tremendous public benefit: it has raised public awareness of what bad economic development is. To start, it’s easy to understand why local leaders pursue these business attraction deals: economic development is routinely mayors’ top policy priority , as new jobs can boost local employment rates, raise residents’ incomes, stabilize city budgets, and revitalize distressed neighborhoods.

Requiring Companies to Disclose Climate Risks Helps Everyone

Harvard Business Review

Over 20 years ago, Harvard Business School professor Michael Porter introduced the Porter hypothesis , which posits that environmental regulation can benefit companies by nudging them to explore their current production methods and eliminate costly waste that they have been blissfully unaware of. This optimistic claim represents a restatement of the original Porter hypothesis, and there is empirical evidence to support it.

The Skills Doctors and Nurses Need to Be Effective Executives

Harvard Business Review

Maximizing the effectiveness of physicians and nurses in these new positions, however, will require different skills than the ones they developed during their clinical training. Clinicians must work to develop organizational strategies with this simple and important maxim constantly in mind.