Economist

Michael Porter

Michael Porter

Born:

Michael Porter is an American economics, business strategy, and social causes born on 23 May 1947, In Ann Arbor, Michigan, United States.

Family Background:

His father was a civil engineer and Tech graduate.

Personal life:

He tried to knot with Debbie. The couple has two children.

Education:

In 1969, He graduated from Princeton University. In 1971, He completed his MBA degree with a high distinction from the Harvard Business School. After two years, He received his Ph.D. degree in Business economics from the Harvard University.

Career:

In 1979, He Authored the “How Competitive Forces Shape Strategy”. which was published by the Harvard Business reviews. In 1980, He comes out with the book title, “Competitive Strategy”, Which had been published by New Press, New York. In 1985, He wrote or authored the book “Competitive Advantage”, which had also been published by the New Press, New York. This book highlighted the strategies employed to tackle competition and beyond. During the year 1986 to 1987, He has published some books on business competitions and strategy with books title like ‘Competition in Global Industries’ and ‘From Competitive Advantage to Corporate Strategy’. In 1997, He co-authored the piece ‘How Much Does Industry Matter, Really?’. In 1998, He has published a book titled “On Competition”, which gave a detailed account of the core concept of strategy. He has published some other book such as ‘Strategy and the Internet’, ‘Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility’. In 2006, He collaborates with Teisberg, E.O and co-authored the book ‘Redefining Health Care: Creating Value-Based Competition On Results’. He has played an active role in the US economic policy with an Executive Branch and Congress. He working with the Presidents of Rwanda and South Korea.

Unknown Facts:

  • His full name is Michael Eugene Porter.
  • He is widely known as the father of the modern Strategy field and is recognized worldwide for his take on competition and company strategy.

Master Stroke:

  • He has founded three major nonprofit foundations, Initiative for a Competitive Inner city – ICIC, The Center for Effective Philanthropy and FSG-Social Impact Advisors.

Awards and Achievements:

  • In 2009, He received the honorary degree from McGill University.
  • He has been received the McKinsey Award six times.

What can we learn from him??

Like Michael Porter, Always think positive, never upset in any situation, fight all the troubles.

 

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