Introduction. Porter's diamond framework. Factor's condition. Demand conditions. Related and supporting industries. Related & Supporting industries #2. Rivalry and business practice. Rivalry and business practice #2. Other examples of successful business practises. Background of Micheal Porter. Michael Porter (born 1947) is the doyen of living management gurus, a professor at Harvard Business School whose office is a whole on-campus house, home of his own Institute for Strategy and Competitiveness.
A talented sportsman (like Frederick Winslow Taylor), Porter could have became a professional golf player. The Economist once said (see article): “His work is academic to a fault. Mr Porter is about as likely to produce a blockbuster full of anecdotes and boosterish catchphrases as he is to deliver a lecture dressed in bra and stockings.” He has been criticised for his willingness to boil his thoughts down into a series of bullet points, each of them with a ploddingly unmemorable title. Unlike many of his colleagues, Porter is frustratingly unquotable.
Charles Handy once said: “Influence, not popularity, is what Michael Porter wants.” He never, for example, allows his books to be published in paperback. “Billions are wasted on ineffective philanthropy. Notable publications. The Five Competitive Forces That Shape Strategy.