Michael E. Porter is available to advise your organisation via virtual and in-person consulting meetings, interactive workshops and customised keynote speeches. Popular themes and speech topics include:
How Smart, Connected Products Are Transforming Competition
With its promise to connect our lives in an ecosystem that understands how we live, work and play, the Internet of Things is the newest buzzword, but its implications are not yet entirely understood.
In fact, the Internet of Things falls considerably short of an explanation for the strategic and competitive shifts underway in business as smart, connected products usher in a new era of competition fuelled by information technology (IT), says renowned economist Dr Michael Porter, the foremost authority on strategy and competition.
Until now, a framework for understanding and setting strategy aligned with IT’s transformation didn’t exist. Now, Dr Porter deconstructs this next generation of IT, and navigates how the rapidly transforming nature of products – now made smart by combining hardware with sensors, electronics and software, and connected through the Internet of Things in myriad ways – is restructuring value chains, altering industry structure, broadening industry boundaries, redefining opportunities for competitive advantage and creating new competitive threats.
Every company, especially manufacturers, has an urgent need to rethink nearly everything – from how products are conceived, designed and sourced, to how they are manufactured, operated and serviced.
Dr Michael Porter explores various, compelling case examples of how companies and industries are capturing the value creation opportunity presented by smart, connected products – and how others must also assess every part of their business strategies and consider new models. Dr Porter’s thinking and call to action is transformational – and essential for anyone looking for ideas to start a business, lead a division or run a company.
Strategy and Competitiveness: Businesses, You’re Part of the Problem – And the Solution
The global economy is facing serious challenges – major recession, stalled job growth, rising energy and commodity prices, erosion of public confidence. More than ever, countries and companies alike must learn to compete in an ever-evolving, increasingly volatile world marketplace, and put into place the fundamentals underpinning growth and development.
By mapping out a long-term strategy, says Michael Porter, organisations, nations and cities alike can better ensure future vitality and prosperity. Informed by his proven theories on competitiveness, he discusses the nature of market competition and its impact on strategy, and delves deep into the relationship between market competition and social concerns.
Creating Shared Value: The New Strategy for Competitive Advantage
Even as countries around the world continue to emerge from a bruising recession, businesses are still bearing the brunt of the blame for the economic crisis. Companies themselves are partly to blame, argues Dr Michael Porter, because they remain trapped in a narrow-minded approach to value creation, optimising short-term financial gains instead of addressing society’s bigger and broader problems.
But these challenges can be overcome by working toward creating shared value, in which businesses enhance their competitiveness while also improving the economic and social conditions in the communities where they operate. It is not enough to be a corporate donor, he argues.
Dr Porter explores various and powerful ways companies can benefit society – as well as drive their own growth and profitability. He believes this reimagining of capitalism and its relationship to society will fuel a new wave of innovation and productivity – and perhaps most importantly, help the business world regain legitimacy in the eyes of the public.