8/1/2023 0 Comments Joe porter qwiki track![]() ![]() ![]() His ideas have changed the way companies approach philanthropy and corporate social responsibility. Porter also developed a body of work on the role of corporations in society. The Porter Hypothesis has given rise to several hundred scholarly articles in the literature on environmental economics.ĭr. Porter proposed the “Porter Hypothesis” in the early 1990s, which put forward the novel theory that strict environmental standards were not in conflict with company profitability or national competitiveness, but could enhance both. His theories are widely applied by both government policymakers and economic development practitioners globally. He also created the Cluster Mapping Project, which pioneered the rigorous measurement of economic geography and has become the standard in the U.S., Europe, and a growing number of other countries. This large body of work includes numerous theoretical and empirical papers on the concept of clusters and their impact on economic performance. Porter next turned to economic development and competitiveness, where his work focused on the microeconomic underpinnings of national and regional economic development. Porter’s original work on industry structure, the value chain, and strategic positioning has informed much of his other research.ĭr. His November 2014 article, How Smart, Connected Products Are Transforming Competition, addresses the role of information technology in strategy. He continues to write about competition and strategy today. His ideas are taught in virtually every business school in the world as well as extensively in economics and other disciplines. Porter’s work has defined the modern strategy field. In addition to advancing his home field of industrial organization economics, Dr. Michael Porter’s early work was on industry competition and company strategy, where he was the pioneer in utilizing economic theory to develop a more rigorous understanding of industry competition and the choices companies make to compete. In 2000, Harvard Business School and Harvard University jointly established the Institute for Strategy & Competitiveness to provide a home for his research. His research approach-applying economic theory to complex systemic problems-reflects these multidisciplinary foundations. ![]() in Business Economics from Harvard’s Department of Economics. Porter’s initial training was in aerospace engineering at Princeton University. Porter is, at the core, a scholar, his work has also achieved remarkable acceptance by practitioners across multiple fields.ĭr. ![]() His research has received numerous awards, and he is the most cited scholar today in economics and business. His extensive research is widely recognized in governments, corporations, NGOs, and academic circles around the globe. Throughout his career at Harvard Business School, he has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic development, the environment, and health care. Michael Porter is an economist, researcher, author, advisor, speaker and teacher. ![]()
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