#michaelporter: I listen to him, read him and he is one of my first influencers

UK, April 12, 2017.-His speeches speak for themselves:

Summary Video: “Business is in a historic transformation in rethinking this issue,” said Michael Porter, Harvard Business School Professor, at the “Paving the Way for Social Progress” Skoll World Forum 2016 panel. “We were taken that Fortune magazine did a new list last year about companies changing the world and their role in social change…that said, we are not getting the progress and the large-scale impact that we would like to see.” Hear what he says next about measurement, above.The Skoll World Forum on Social Entrepreneurship is the premier international platform for advancing entrepreneurial approaches and solutions to the world’s most pressing problems. Our mission is to accelerate the impact of the world’s leading social entrepreneurs by uniting them with essential partners in a collaborative pursuit of learning, leverage and large-scale social change. Each year, nearly 1,000 of the world’s most influential social entrepreneurs, key thought leaders and strategic partners gather at the University of Oxford’s Saïd Business School to exchange ideas, solutions and information”.

His speeches speak for themselves: Michael Porter is an economist, researcher, author, advisor, speaker and teacher. 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. His extensive research is widely recognized in governments, corporations, NGOs, and academic circles around the globe. His research has received numerous awards, and he is the most cited scholar today in economics and business. While Dr. Porter is, at the core, a scholar, his work has also achieved remarkable acceptance by practitioners across multiple fields.

Business is in a historic transformation in rethinking this issue,” said Michael Porter, Harvard Business School Professor, at the “Paving the Way for Social Progress” Skoll World Forum 2016 panel. “We were taken that Fortune magazine did a new list last year about companies changing the world and their role in social change…that said, we are not getting the progress and the large-scale impact that we would like to see.” Hear what he says next about measurement, above.The Skoll World Forum on Social Entrepreneurship is the premier international platform for advancing entrepreneurial approaches and solutions to the world’s most pressing problems. Our mission is to accelerate the impact of the world’s leading social entrepreneurs by uniting them with essential partners in a collaborative pursuit of learning, leverage and large-scale social change. Each year, nearly 1,000 of the world’s most influential social entrepreneurs, key thought leaders and strategic partners gather at the University of Oxford’s Saïd Business School to exchange ideas, solutions and information”.

Dr. Porter’s initial training was in aerospace engineering at Princeton University. He then earned an M.B.A. from Harvard Business School and a Ph.D. in Business Economics from Harvard’s Department of Economics. His research approach—applying economic theory to complex systemic problems—reflects these multidisciplinary foundations.  In 2000, Harvard Business School and Harvard University jointly established the Institute for Strategy & Competitiveness to provide a home for his research.

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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 addition to advancing his home field of industrial organization economics, Dr. Porter’s work has defined the modern strategy field.  His ideas are taught in virtually every business school in the world as well as extensively in economics and other disciplines. He continues to write about competition and strategy today. His November 2014 article, How Smart, Connected Products Are Transforming Competition, addresses the role of information technology in strategy. Dr. Porter’s original work on industry structure, the value chain, and strategic positioning has informed much of his other research.
Dr. Porter next turned to economic development and competitiveness, where his work focused on the microeconomic underpinnings of national and regional economic development. This large body of work includes numerous theoretical and empirical papers on the concept of clusters and their impact on economic performance. 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. His theories are widely applied by both government policymakers and economic development practitioners globally.
In environmental policy, Dr. 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. The Porter Hypothesis has given rise to several hundred scholarly articles in the literature on environmental economics.Dr. Porter also developed a body of work on the role of corporations in society. His ideas have changed the way companies approach philanthropy and corporate social responsibility. His 2011 paper with Mark Kramer, Creating Shared Value, highlights the power of capitalism as the best route to real solutions to many social problems.  Finally, since the early 2000s, Michael Porter has devoted considerable attention to the economics of health care, with a focus on building the intellectual framework for realigning the delivery of health care to maximize value to patients (patient health outcomes achieved per dollar spent). In Redefining Health Care (with Elizabeth Teisberg) and a series of articles, Dr. Porter and colleagues have introduced the core concepts for reorganizing health care delivery organizations, measuring patient outcomes and the actual cost of care by medical condition, designing value-based reimbursement models, and integrating multi-location health systems, among others.  This work, known as value-based health care delivery, is diffusing rapidly in the literature and among practitioners.

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