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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. As an example, Rivkin cites the notion of commitment, which Ghemawat wrote a book on. Corporate finance? Why did Jean Tirole win this year’s economics Nobel ?

Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

These concerns can be heard in many places: the sobering survey by Michael Porter and Jan Rivkin in HBR's special March issue on U.S. Foreign expansion can fuel employment growth at home in areas like manufacturing, logistics, R&D, design, marketing, finance, and management. The competitiveness of the American economy depends disproportionately on the competitiveness of its multinational corporations, especially those headquartered in the United States.