Porter on the Five Forces

LDRLB

Last week LeaderLab released its new paper, The Portable Guide to Strategy , which (among other things) outlined Michael Porter’s positioning school of strategy. In this video, Porter explains his theory of the five forces that shape much of business strategy.

Jim Collins, Meet Michael Porter

First Friday Book Synopsis

Bob's blog entries a Sherlock Holmes story There is one incredibly quiet dog in Collins' work: strategy Great By Choice Morten Hansen Harvard Business Review blog Harvard Business School HBR email alerts Institute for Strategy and Competitiveness Jim Collins [comma] Meet Michael Porter Joan Magretta Strategy is about making choices that lead to sustainably superior performance Understanding Michael Porter: The Essential Guide to Competition and Strategy

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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? BOTTOMLINE: According to Porter: "Years ago, corporate strategy was considered a secret known only by top executives for fear competitors might use the information to their advantage. A while back, The Wharton School published an article on strategy formulation, from Michael E.

Porter on the Five Forces

LDRLB

Last week LDRLB released its new paper, The Portable Guide to Strategy , which (among other things) outlined Michael Porter’s positioning school of strategy. In this video, Porter explains his theory of the five forces that shape much of business strategy.

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 [.].

Art Break: Porter

Execupundit

Art Contrarian looks at the work of Fairfield Porter

3 Mistakes in Defining Strategy

LDRLB

In this brief video , Michael Porter delivers a helpful reminder of what strategy is and, more importantly, what it is not. Strategy porter strategyThanks to Michael Roberto for finding the clip.

Video 36

Does a Mentor have to Breathe?

In the CEO Afterlife

The latest thinking from the great strategists of the era – Michael Porter, Henry Ginsberg, Rosabeth Kanter, John Kotter. Human Resources Leadership Gary Hamel Harvard John Kotter Mentoring Michael Porter Rosabeth Kanter Strategy

Porters five forces

Rapid BI

An Introduction to Michael Porter's five forces is a model. The post Porters five forces appeared first on RapidBi. Management 5 forces analysis buyers change management competitive competitors framework Harvard michael porter Porter review strategic Strategy substitutes suppliers toolUsed to explore the environment in which a product or company operates.

Dan Negroni on “Chasing Relevance”: Part 1 of an interview by Bob Morris

First Friday Book Synopsis

Bob's blog entries Challenged Athletes Foundation Chasing Relevance: 6 Steps to Understand [comma] Engage and Maximize Next Generation Leaders in the Workplace Dan Negroni on “Chasing Relevance”: An interview by Bob Morris Isaac Asimov Lao-Tse launchbox Michael Porter Monarch School Peter Drucker Richard Dawkins Tao Te Ching Thomas EdisonDan Negroni founded launchbox to help businesses unleash the creativity and potential of today’s new Gen Y workforce.

Jim Collins, Meet Michael Porter

Harvard Business Review

And that's where Michael Porter enters the picture. Porter's work provides that rigor, as it defines the economic fundamentals of competition and strategy. And most important for managers, Porter's five tests of good strategy can help you to tell the difference between good choices and bad. The essence of strategy, says Porter, is choosing what not to do. Says Porter, "Fit locks out imitators by creating a chain that is as strong as its strongest link.".

Here’s a terrific gift from Harvard Business Review

First Friday Book Synopsis

Porter and Mark R. Porter Nick Craig Purpose Beyond Profits Rosabeth Moss Kanter Scott Snook Every so often the folks at Harvard Business Review offer especially valuable material to non-subscribers. Here is an excellent example: Three articles that discuss Purpose Beyond Profits. o Creating Shared Value (Michael E. Kramer) o From Purpose to Impact (Nick Craig and Scott Snook) o How Great Companies Think Differently (Rosabeth […].

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

First Friday Book Synopsis

Operational effectiveness (OE) means performing similar activities better than rivals perform them. Operational effectiveness includes but is not limited to efficiency. 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. In contrast, strategic positioning means performing [.]. Randy's blog entries

Why Porter's Model No Longer Works

Harvard Business Review

While social media doesn't shift Porter's model , the social era surely does. Most existing big organizations — the 800-pound gorillas — subscribe to Michael Porter's value chain framework. There is no question that Porter's work has helped shape (some would say, "invent") modern-day strategy. But, to put it bluntly, Porter's value chain is antiquated in the light of the social era. Imagine that you wanted a new home theater system.

Stop Competing to Be the Best

First Friday Book Synopsis

Bob's blog entries Harvard Business Review blog Harvard Business School HBR email alerts Joan Magretta McDonald's In-N-Out Burger Michael Porter Target there is simply no such thing as "the best" Understanding Michael Porter: The Essential Guide to Competition and Strategy Walmart What Management Is Why You Should Stop Competing to Be the BestHere is an excerpt from an article written by Joan Magretta for the Harvard Business Review blog.

Stop Competing to Be the Best

First Friday Book Synopsis

Bob's blog entries Harvard Business Review blog Harvard Business School HBR email alerts Joan Magretta McDonald's In-N-Out Burger Michael Porter Target there is simply no such thing as "the best" Understanding Michael Porter: The Essential Guide to Competition and Strategy Walmart What Management Is Why You Should Stop Competing to Be the BestHere is an excerpt from an article written by Joan Magretta for the Harvard Business Review blog.

Michael Porter and Adrian Slywotzky on how the right strategies and tactics can create demand

First Friday Book Synopsis

In her recently published book, Understanding Michael Porter: The Essential Guide to Competition and Strategy, Joan Magretta has much of value to say. In Chapter 4: Creating Value: The Core (Part Two), for example, she discusses Enterprise-Rent-a-Car, Zipcar, Southwest Airlines, Aravind Eye Hospital, Walmart, Progressive, and Edward Jones. Each has an especially effective strategy based [.].

Strategy Essentials You Ignore at Your Peril

First Friday Book Synopsis

To read the complete article, check out the wealth of free resources, and sign up for a subscription to HBR email alerts, please click here. * * * Michael Porter, the world’s leading authority on competition and strategy, [.]. Here is an excerpt from an article written by Joan Magretta for the Harvard Business Review blog.

Five Common Strategy Mistakes

First Friday Book Synopsis

To read the complete article, check out the wealth of free resources, and sign up for a subscription to HBR email alerts, please click here. * * * I just finished a two-year project looking at Michael Porter’s [.]. Here is an excerpt from an article written by Joan Magretta for the Harvard Business Review blog.

Trust, Inc: A book review by Bob Morris

First Friday Book Synopsis

Gentile Next Decade Peter Firestein Randy Conley Robert Easton Robert Porter Lynch Trust Inc.: Trust Inc: Strategies for Building Your Company’s Most Valuable Asset Barbara Brooks Kimmel, Editor Next Decade, Inc. 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 […].

Blog 16

Terry R. Bacon: An interview by Bob Morris

First Friday Book Synopsis

Bob's blog entries Adaptive Coaching AMACOM American University Dan Goleman David Maister Fort Lewis College Foundation Garry Wills Goddard College James MacGregor Burns Jim Kouzes and Barry Posner John Kotter Korn/Ferry Institute Michael Porter Michael Useem Peter Drucker Powerful Proposals Roosevelt University Selling to Major Accounts Stanford Terry R. Terry R. Bacon is a Scholar in Residence in the Korn/Ferry Institute.

Steve Jobs: A book review by Bob Morris

First Friday Book Synopsis

Bob's blog entries Albert Einstein Graphical user interface (GUI) Gustave Flaubert Helen Keller Michael Porter Mies van der Rohe Simon & Schuster Steve Jobs: A book review by Bob Morris Think differently about Think Different Thomas Edison Walter Isaacson Xerox PARCSteve Jobs Walter Isaacson Simon & Schuster (2011) Think differently about Think Different In my opinion, this is among the most important business biographies ever written.

Blog 16

Rethinking Capitalism

LDRLB

A fantastic video from Michael Porter, of strategy fame, explains why business leaders must focus on shared value — creating products and services that benefit not only the company but also society. Strategy capitalism porter shared value

Video 11

Alan Weiss on “How to forge your own path to success”: An interview by Bob Morris

First Friday Book Synopsis

Alan Weiss is one of those rare people who can say he is a consultant, speaker, and author and mean it. His consulting firm, Summit Consulting Group, Inc., has attracted clients such as Merck, Hewlett-Packard, GE, Mercedes-Benz, State Street Corporation, Times Mirror Group, The Federal Reserve, The New York Times Corporation, Toyota, and over 500… Read More Alan Weiss on “How to forge your own path to success”: An interview by Bob Morris.

David Evans and Dick Schmalensee on “The New Economics of Multisided Platforms”: An interview by Bob Morris

First Friday Book Synopsis

Johnson Professor of Economics and Management Lao-Tse Matchmakers: The New Economics of Multisided Platforms Michael Porter MIT Center for Energy and Environmental Policy Research at the MIT Sloan School of Management Paying with Plastic Peter Drucker Richard Dawkins Tao Te Ching U.S.

The CEO’s Strategy Handbook: A book review by Bob Morris

First Friday Book Synopsis

Bob's blog entries "Drivers of Turbulence" "Innovation vs. Problem Solving" "The essence of strategy is choosing what not to do" "The reality of problem solving" "The Three Drivers of winning business strategies" "Vision without execution is hallucination" Global Professional Publishing How to manage strategy effectively and on a continuous basis Michael Porter Stuart Cross sustain and accelerate profitable growth The CEO’s Strategy Handbook: How to create Thomas Edison

Leviathan on the Chicago South Side

First Friday Book Synopsis

Bob's blog entries a hybrid between a price and an auction: hold an auction but cap the maximum bids that can be made Creating a Customer-Centered Organization Harvard Business Review blog's "The Conversation" series HBR email alerts How Not to Rip Off Your Customers Jeff Ely Joshua Gans Mark Kramer Melbourne Business School Michael Porter Microsoft Research (New England) Northwestern University

How Not to Rip Off Your Customers

First Friday Book Synopsis

Bob's blog entries a hybrid between a price and an auction: hold an auction but cap the maximum bids that can be made Creating a Customer-Centered Organization Harvard Business Review blog's "The Conversation" series HBR email alerts How Not to Rip Off Your Customers Jeff Ely Joshua Gans Mark Kramer Melbourne Business School Michael Porter Microsoft Research (New England) Northwestern University

Daniel Korschun: An interview by Bob Morris

First Friday Book Synopsis

Bhattacharya Cambridge University Press CB Bhattacharya Daniel Korshun: An interview by Bob Morris Drexel University's Elbow College of Business Grant Welker Isaac Asimov Journal of Business Research Journal of Marketing Journal of Public Policy & Marketing Journal of the Academy of Marketing Science Lao-Tse Leveraging Corporate Responsibility: The Stakeholder Route to Maximizing Business and Social Value Michael Porter MIT Sloan Management Review Peter Ducker Richard Dawkins Shankar Sen.

Why We Hate Strategy

Erika Andersen

Here’s a quote from Michael Porter, probably the world’s best-known strategy guru: “ Strategic positions emerge from three distinct sources, which are not mutually exclusive and often overlap.

Good Strategy/Bad Strategy: A book review by Bob Morris

First Friday Book Synopsis

How Steve Jobs saved Apple Malcolm Gladwell’s tipping points Michael Kami’s trigger points Michael Porter Peter Drucker Pivot points at 7-Eleven and the Brandenburg Gate Richard Rumelt The Lords of Strategy: The Secret Intellectual History of the New Corporate World The worst industry structure imaginable Walter Kiechel III What bricklaying teaches us about deepening advantage Why Kennedy’s goal of landing on the moon was a proximate and strategic objective

Blog 16

Surveying Strategy: The Positioning School

LDRLB

The positioning school is most closely associated with its undisputed champion, Harvard professor Michael Porter. 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. In the 1980s, the positioning school somewhat displaced the planning school.

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

Books 10

Intending to be innovative? Be sure you first ask the right questions before you seek answers

First Friday Book Synopsis

Many years later, Michael Porter [.]. Be sure you first know the right questions to ask…and then answered Michael Porter: "the essence of strategy is choosing what not to do" Peter Drucker: "There is surely nothing quite so useless as doing with great efficiency what should not be done at all" Peter Skarzynski Rowan Gibson select/schedule/manage/leverage investments in innovation The Drucker Foundation the Wall-Street Journal University of Chicago

Richard P. Rumelt: An interview by Bob Morris

First Friday Book Synopsis

Bob's blog entries Corporate Renewal Initiative Fundamental Issues in Strategy: A Research Agenda David Teece and more recently Good Strategy/Bad Strategy: The Difference and Why It Matters Harvard Business School Hewlett-Packard Insead James O'Toole Leading Change Michael Porter Nokia Peter Drucker Richard P. Richard P. Rumelt received his doctorate from the Harvard Business School in 1972, having previously earned a Master of Science degree in Electrical Engineering from UC Berkeley.

Key Value Drivers: Do’s & Don’ts

First Friday Book Synopsis

Scott Richard Rumelt Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future Steve Player Understanding Michael Porter: The Essential Guide to Competition and Strategy Value Drivers: The Manager's Guide for Driving Corporate Value Creation WhenA key value driver (KVD) is any variable that drives value for shareholders. But few firms can identify their KVDs and thus use them for forecasting and improvement.

John Donovan (AT&T) in “The Corner Office”

First Friday Book Synopsis

Bob's blog entries Adam Bryant AT&T Corner Office column Donald Sull Joan Magretta John Donovan Stuart Cross SundayBusiness section sustain and accelerate profitable growth The CEO’s Strategy Handbook: How to create The Corner Office: Indispensable and Unexpected Lessons from CEOs on How to Lead and Succeed The New York Times The Upside of Turbulence: Seizing Opportunity in an Uncertain World Times Books Understanding Michael Porter: The Essential Guide to Competition and Strategy

Paul Leinwand and Cesare Mainardi: An interview by Bob Morris

First Friday Book Synopsis

Paul Leinwand is a Partner at Booz & Company based in the firm’s Chicago office. He advises organizations on the topic of strategy, growth, and capability building, with a focus on the consumer product and retail sectors. He also serves as chair of the firm’s Knowledge and Marketing Advisory Council. Paul has coauthored a number [.].

Blogging on Business Update from Bob Morris: 10/15/12

First Friday Book Synopsis

Mauboussin Michael Porter New York Times Sharon Hadary Steve Damaio Susan Cantrell talent management TED ResourcesHere are some recent posts that may be of interest to you: REVIEWS How Women Lead: The 8 Essential Strategies Successful Women Know Sharon Hadary and Laura Henderson INTERVIEWS Maria K. Mitchell (Amdec) in “The Corner Office” Interview conducted by Adam Bryant New York Times Thomas M. Sterner, Part 2: An interview by [.].

Charles S. Jacobs: A second interview by Bob Morris

First Friday Book Synopsis

Anders Ericsson Kenneth Branagh Management Rewired: Why Feedback Doesn't Work and Other Surprising Lessons from the Latest Brain Science Martin Luther King Michael Porter: "the essence of strategy is choosing what not to do" Peter Drucker Robert Sutton The Great Escape the ideology of comfort and the tyranny of custom The Sting Transactional leaders manage an equitable exchange with their followers Twelve O'clock High University of Michigan Winston ChurchillCharles S.