Michael Porter
Greater Minneapolis-St. Paul Area,United States
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Michael E. Porter is an American academic, economist, researcher, author, advisor, speaker, and teacher. He is the Bishop William Lawrence University Professor at Harvard Business School. Porter's work is widely recognized in business, economics, and public policy circles, and he is considered one of the world's most influential thinkers on management and competitiveness. His core theories, including Porter's Five Forces, Value Chain, and the Diamond Model for national advantage, have shaped modern business strategy and are taught in virtually every business school globally. He has also made significant contributions to understanding and addressing societal issues like healthcare, environmental quality, and corporate social responsibility through the lens of competitive strategy, notably with the concept of 'Creating Shared Value'.
Professional Summary
Michael Porter's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Porter's Five Forces Analysis
Developed a seminal framework for analyzing industry attractiveness and corporate strategy, identifying five forces that determine the intensity of competition and profitability in an industry: threat of new entrants, bargaining power of buyers, bargaining power of suppliers, threat of substitute products or services, and intensity of rivalry among existing competitors.
Value Chain Concept
Introduced the value chain as a tool for identifying ways to create more customer value. It breaks down a firm's activities into strategically relevant activities to understand cost behavior and sources of differentiation.
Competitive Strategy and Advantage Theories
Authored influential books like 'Competitive Strategy' (1980) and 'Competitive Advantage' (1985), which introduced concepts of generic strategies (cost leadership, differentiation, focus) and the sustainable sources of competitive advantage.
The Competitive Advantage of Nations
Published 'The Competitive Advantage of Nations' (1990), presenting the 'Porter Diamond' model, which explains why certain industries within a particular nation are competitive internationally, focusing on factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry.
Creating Shared Value (CSV)
Co-authored and popularized the concept of Creating Shared Value, arguing that companies can achieve competitive advantage by creating economic value in a way that also creates value for society by addressing its needs and challenges.
Institute for Strategy and Competitiveness
Founded the Institute for Strategy and Competitiveness at Harvard Business School, which is dedicated to extending his research and its application to company strategy, national and regional competitiveness, and social progress.
Numerous Honorary Doctorates and Awards
Recipient of numerous honorary doctorates from universities worldwide and various prestigious awards for his contributions to economics, management, and public policy.
Co-founder of Monitor Group
Co-founded the strategy consulting firm Monitor Group (now part of Deloitte), applying his strategic frameworks to advise corporations and governments.
Educational Background
Bachelor of Business Administration (B.B.A.), Finance
University of Iowa
Master of Business Administration (M.B.A.)
University of Minnesota - Carlson School of Management
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Company Overview
EVEREVEEVEREVE is a contemporary fashion retailer focused on styling moms and women with on-trend apparel, accessories, and footwear. Founded in 2004 by Megan and Mike Tamte (originally as 'Hot Mama'), the company aims to empower women through fashion, offering personalized styling services both in its physical stores across the U.S. and online. They curate a selection of popular brands as well as their own private labels, providing versatile and stylish options for everyday life and special occasions, making fashion approachable and fun.
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