Michael Porter Headshot
Are you Michael Porter?
Claim Michael's Profile

Michael Porter              

Foremost Authority on Strategy, Competition and Competitive Advantage; Creator of Shared Value Concept; Harvard Business School Professor

Michael E. Porter is the Bishop William Lawrence University Professor at Harvard Business School. A leading authority on company strategy and the competitiveness of nations and regions, his work is widely recognized in governments, corporations, non-profits and academic circles across the globe. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is one of the most cited authors in business and economics. He first published in HBR in 1979 with "How Competitive Forces Shape Strategy," which gave rise to his now-famous "Five Forces" framework.

Professor Porter's core field is competition and company strategy, and this remains the focus of his research. His work has also redefined thinking about competitiveness, economic development, economically distressed urban communities, environmental policy, and the role of corporations in society. He is the author of 18 books and numerous articles.

Recently, Professor Porter has devoted considerable attention to understanding and addressing the pressing problems in health care in the United States and other countries. His book, Redefining Health Care (2006, with Professor Elizabeth Teisberg), develops a new strategic framework for transforming the value delivered by the health care system, with implications for providers, health plans, employers, and government, among other actors. His New England Journal of Medicine research article, "A Strategy for Health Care Reform-Toward a Value-Based System," laid out a health reform strategy for the U.S.

Click Here to register and get pricing on booking Michael Porter for your next event!

Speech Topics

How Smart, Connected Products Are Transforming Competition

With its promise to connect our lives in an ecosystem that understands how we live, work and play, the Internet of Things is the newest buzzword, but its implications are not yet entirely understood. In fact, the Internet of Things falls considerably short of an explanation for the strategic and competitive shifts underway in business as smart, connected products usher in a new era of competition fueled by information technology (IT), says renowned economist Michael Porter, the foremost authority on strategy and competition. Until now, a framework for understanding and setting strategy aligned with IT’s transformation didn’t exist. In his latest Harvard Business Review article, Dr. Porter deconstructs this next generation of IT, and navigates how the rapidly transforming nature of products – now made smart by combining hardware with sensors, electronics and software, and connected through the Internet of Things in myriad ways – is restructuring value chains, altering industry structure, broadening industry boundaries, redefining opportunities for competitive advantage and creating new competitive threats.

Every company, especially manufacturers, has an urgent need to rethink nearly everything – from how products are conceived, designed and sourced, to how they are manufactured, operated and serviced. Dr. Porter explores various, compelling case examples of how companies and industries are capturing the value creation opportunity presented by smart, connected products – and how others must also assess every part of their business strategies and consider new models. “This third wave of information technology not only will create step function improvements in product capability, but will radically improve our ability to meet many business and human needs,” he says. And if companies move aggressively, they will enable the U.S. to reinvigorate its capacity as a technology leader in the global economy. Dr. Porter’s thinking and call to action is transformational – and essential for anyone looking for ideas to start a business, lead a division or run a company.

Strategy and Competitiveness: Businesses, You’re Part of the Problem – And the Solution

The global economy is facing serious challenges – major recession, stalled job growth, rising energy and commodity prices, erosion of public confidence. More than ever, countries and companies alike must learn to compete in an ever-evolving, increasingly volatile world marketplace, and put into place the fundamentals underpinning growth and development. By mapping out a long-term strategy, says Michael Porter, organizations, nations and cities alike can better ensure future vitality and prosperity. Informed by his proven theories on competitiveness, he discusses the nature of market competition and its impact on strategy, and delves deep into the relationship between market competition and social concerns. Of course, good leadership is also pivotal, and Porter advises on what leaders must do to ultimately secure their economic future.

Reforming Health Care: Improve Value for Patients and Reduce Costs

The arguments for how to change health care are numerous, but Professor Michael Porter believes there is only one real solution: maximize value for patients – that is, achieve the best outcomes at the lowest cost. Our current supply-driven health care system centers around services provided – physician visits, hospitalizations, procedures and tests – in settings that don’t offer the full-range services. This has resulted in health care that is fragmented, inconvenient and costly. We must move away from this model, urges Professor Porter, and embrace a new strategy: one that puts patients at the center and is organized around their needs. He discusses how, by shifting emphasis from physicians’ specialties to patients’ medical conditions, measuring costs and outcomes for each patient and integrating care across separate facilities, health care providers and care organizations can dramatically increase the value of health care while driving down costs and improving patient outcomes.

Creating Shared Value: The New Strategy for Competitive Advantage

Even as countries around the world continue to emerge from a bruising recession, businesses are still bearing the brunt of the blame for the economic crisis. Companies themselves are partly to blame, argues Professor Michael Porter, because they remain trapped in a narrow-minded approach to value creation, optimizing short-term financial gains instead of addressing society’s bigger and broader problems. But these challenges can be overcome by working toward creating shared value, in which businesses enhance their competitiveness while also improving the economic and social conditions in the communities where they operate. It is not enough to be a corporate donor, he argues. He explores various and powerful ways companies can benefit society – as well as drive their own growth and profitability. Professor Porter believes this reimagining of capitalism and its relationship to society will fuel a new wave of innovation and productivity – and perhaps most importantly, help the business world regain legitimacy in the eyes of the public.


Charlie Rose Talks to Harvard's Michael Porter - Businessweek

In your role at Harvard, you get to range over all the disciplines, right? I teach in the medical school, the School of Public Health, the Kennedy School of ...


No. 1. May the Forces Be With You: According to Thinkers50 the most influential management thinker in the world is the internationally renowned strategy and competitiveness expert Professor Michael Porter of Harvard Business School. Regarded as the father of modern business strategy, Porter, who has consulted to dozens of corporations and a number of national governments including the UK, returns to the No. 1 slot after previously topping the list in 2007.

Get notified of new talks and events.


Related Speakers View all

More like Michael