Knowra Michael Porter Michael Porter Michael Porter is an American business academic whose frameworks for competitive strategy, industry analysis, and national economic competitiveness have shaped management practice and policy.
Competitive strategy : The selection of goals and actions through which an organization seeks an advantageous position against rivals. Porter made the analysis of competitive position a central task of business strategy.
Porter's five forces : A framework for analyzing rivalry, entry, substitutes, and the bargaining power of buyers and suppliers in an industry. This is Porter’s best-known tool for assessing industry attractiveness and competitive pressure.
Harvard Business School : The graduate business school of Harvard University, based in Boston, Massachusetts. Porter spent his academic career there and developed much of his strategic work there.
Shared value : A business approach that seeks economic value by addressing social needs through products, markets, or operations. Porter and Mark Kramer proposed it as a way to connect business success with social progress.
Resource-based view : A theory that explains firm performance through valuable resources and capabilities that competitors cannot readily imitate. It locates advantage inside the firm, complementing Porter’s emphasis on industry position.
Industrial organization : The study of how market structure, firm behavior, and economic performance influence one another. This field supplied key economic foundations for Porter’s analysis of industries.
Generic strategies : Porter’s framework of cost leadership, differentiation, and focus as broad routes to competitive advantage. It turns competitive analysis into choices about how a firm will compete.
Mark Kramer : An American social-impact strategist and co-founder of FSG, known for developing the concept of collective impact. Kramer collaborated with Porter on shared value and social-impact strategy.
Cluster (economic geography) : A geographic concentration of interconnected firms, suppliers, institutions, and related organizations in a field. Porter used clusters to explain how local connections can strengthen productivity and innovation.
Blue Ocean Strategy : A strategy framework for creating new market space where direct competition is less relevant. It contrasts with Porter’s focus on positioning within existing competitive structures.
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