35 Facts About Michael Porter

Michael Eugene Porter was born on May 23,1947 and is an American businessman and professor at Harvard Business School.

Michael Porter was one of the founders of the consulting firm The Monitor Group and FSG, a social impact consultancy.

Michael Porter is credited with creating Porter's five forces analysis, a widely used management framework.

Michael Porter is generally regarded as the father of the modern strategy field.

Michael Porter is regarded as one of the world's most influential thinkers on management and competitiveness as well as one of the most influential business strategists.

Michael Porter's work has been recognized by governments, non-governmental organizations and universities.

Michael Porter's father was a civil engineer and Georgia Tech graduate who had gone on to a career as an army officer.

Michael Porter said in an interview that he first became interested in competition through sports.

Michael Porter was on the NCAA championship golf squad at Princeton and played football, baseball and basketball growing up.

Michael Porter received a BSE with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he graduated first in his class and was elected to Phi Beta Kappa and Tau Beta Pi.

Michael Porter received an MBA with high distinction in 1971 from Harvard Business School, where he was a George F Baker Scholar, and a PhD in business economics from Harvard University in 1973.

Michael Porter reached the top of his class by his second year at HBS.

Michael Porter developed the Michael Porter five forces analysis framework for analyzing industries, inspired by classes in industrial organization economics that he took at Harvard.

Michael Porter has delivered public speaking based on the importance of strategy formulation and has served as a consultant to many governments and NGOs devising strategy formulations.

Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition, and is the most cited author in business and economics.

Michael Porter proposed the "diamond" framework, a mutually-reinforcing system of four factors that determine national advantage: factor conditions; demand conditions; related or supporting industries; and firm strategy, structure and rivalry.

Michael Porter defined the two ways in which an organization can achieve competitive advantage over its rivals: cost advantage and differentiation advantage.

Michael Porter originally developed the Porter's Five Forces in 1979 which is still widely used as a model to analyse the industry and to estimate whether it would be profitable and ideal enough to enter the industry after carefully examining the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, competition among existing firms and threat of substitutes.

Michael Porter first wrote and published about Porter's Five Forces in a 1979 article How Competitive Forces Shape Strategy and has further explained about the Five Forces in his 1980 article Competitive Strategy: Techniques for Analyzing Industries and Competitors.

Michael Porter published a book titled Competitive Advantage: Creating and Sustaining Superior Performance in order to explain the concept of competitive advantage and the book which later went onto become a bestseller focuses on value chain concept.

Michael Porter introduced the concept of value chain analysis in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance.

Michael Porter has focused on addressing pressing problems in health care delivery in the US and other countries.

Michael Porter's book, Redefining Health Care, 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.

Michael Porter acting as a consultant to business, government, and the social sector.

The Instituto de Estudios Superiores de Administracion of Venezuela was influenced under the guidance of Michael Porter, taught American business administration.

Michael Porter has served on two public boards of directors, those of Thermo Fisher Scientific and Parametric Technology Corporation.

In 1983, Michael Porter co-founded the Monitor Group, a strategy-consulting firm acquired by Deloitte Consulting in 2013 through a structured bankruptcy proceeding.

ICHOM supports the key strategic agenda items in Michael Porter's Value-Based Health Care Delivery framework by working with patients and leading healthcare providers to create a global standard for measuring health outcomes.

Michael Porter currently serves on the Board of Trustees of Princeton University.

Gehl and Michael Porter published a Harvard Business School report on the topic, "Why Competition in the Politics Industry is Failing America", and later a book, The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democracy.

In 2000, Michael Porter was appointed Bishop William Lawrence University Professor at Harvard, the university's highest recognition awarded to Harvard faculty.

Michael Porter is a six-time winner of the McKinsey Award for the best Harvard Business Review article of the year.

Michael Porter's work has received criticism from peers within academia for inconsistent logical argument in his assertions.

Michael Porter's conclusions have been critiqued as "lacking in empirical support" and as "justified with selective case studies".

Michael Porter has written numerous books on modern competitive strategy for business.