Michael Porter
Michael Porter
Michael Eugene Porter is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the founders of the consulting firm The Monitor Group...
NationalityAmerican
ProfessionEducator
CountryUnited States of America
believe responsibility thinking
Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at the center. We believe that it can give rise to the next major transformation of business thinking.
america believed business efficient limited uniquely
America used to be a uniquely productive, low-cost place to do business. We had efficient infrastructure. We had limited regulation. We believed in the market.
cities few inner job relatively thriving
It's sobering. It suggests that there are relatively few inner cities that are thriving in the sense of job growth.
people puzzled societies work
I'm really puzzled by why people in societies find it difficult to work collaboratively together with other people in societies.
businesses focused growing inner low potential proof shining spotlight
In America, the problems of poverty and low income, particularly for minorities, are disproportionately focused in the inner cities. Shining a spotlight on the businesses growing in these communities is proof that any community has the potential for entrepreneurship.
It's better that there aren't many people. You get more one?on?one time.
business efficient guaranteed high slip
Being an American doesn't mean that you're guaranteed a high wage. You have to be productive, and we have to create a very low-cost, efficient place to do business, and we've let all that slip in America.
academics business disagree managers satisfied
Too many academics and business managers are satisfied with the 'good feeling' as argument. I disagree completely.
companies despite employers god rhetoric thank understand
Companies understand that if their employees are sick, it's really expensive. So despite the rhetoric I hear, thank God employers are still in the health-care system.
accept aware broader challenges less looking previous purpose social society somewhere sufficient value willing work
Millennials are more aware of society's many challenges than previous generations and less willing to accept maximizing shareholder value as a sufficient goal for their work. They are looking for a broader social purpose and want to work somewhere that has such a purpose.
business managers narrow rather seen sensitive social society trying unethical
I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.
american-educator companies continuity good maintain
So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.
american-educator
Strategy 101 is about choices: You can't be all things to all people.
crucible early gives groups immigrant inner minorities phenomena spreading time
As minorities and other immigrant groups become more important to our economy, the inner city is a crucible that gives us an early look at phenomena that are going to be spreading more broadly in the economy over time.