Harvard's Michael Porter on long-term strategy in a downturn

[MTCoblivsicas12345]

one of our lecture theateres is named after this man, he is very clever in strategy of business and his work and theories are interesting, in my assignment i think i have quoted him a lot because his five forces framework and diamond framework are highly important to international strategy.

[katheryncruz24]

can you do it?

[LeBadman]

I have to say, Mr. Porter always stutters, which is slightly distracting.

[joleneramnarine]

Government is a six force in third world countries.

[andyelgrand0]

@joleneramnarine the only force, especially when pleasing governemnt means getting rid of competition. in reality no such thing as a force, but a influence. In order for there to be a force, there must be a drawn region in which those interact, so it all depends how far or close you draw your region and therefore who you include or exclude.

[Radhikaranjan]

@joleneramnarine that's right. government is not a force in USA and Western Europe. Who are you bluffing?

[MTCoblivsicas12345]

@Radhikaranjan it does have some force e.g trade policies which allow globalization however, goverments need these companies and foreign direct investment thats why they create special economic zone which allow companies to exploit the resources in that area, goverments are competiting for companies to come to thier country so that they can gain tax revenue.

[MrThatsmyass]

what a ballchinian.... hahahahahhaha

[musicadeloslocos]

he sounds alot like schumpeter

[quitoguru]

One example of what Mr. Porter says is not sacrifice quality in order to save some money buying cheap raw materials.

[Asura8735]

everything is easier said than done.

[KaminStalker]

03:48 i lol'd

[100Explorer100]

Mr. Porter also needs to account for human nature of your bonus compensated executives

He's right, though it's only a good theory,

reality check makes me doubt this approach

it's like listening to Senator Obama in 2008 election.. sounds really good, though is that how the system really works..?

[LalitMoorjani]

In Economic Downturn - Customer is the King.

Lalith Moorjani

Piscataway

[blugzwirdet]

blugzwirdet love it

[MrCrashride]

Porter´s 5 Forces have to do with sector actractiveness!

[audiojunkiehu]

Those arguing to include government as a 6th force, may i recommend a broader interpretation?

whether that be

(i) government, or

(ii) cultural or societal resilience, or

(iii) Brand or category lock-in, or

(iv) Power of brand & image, or

(v) Status (quo) players & momentum drivers

How about 'level of market resilience' as a 6th factor?

[audiojunkiehu]

The paradox of down turns is that pressure for lower prices will remain in place long after the downturn is over..

Why?

Those fortunate enough to be surfing the right trend will not release their newly acquired profit pool so easily, speaking in general terms of course.

Do you follow my drift?

By the way, interesting how the business schools of Harvard and Insead cooperate for mutual branding benefit on the web, in the case of Michael Porter anyway:-)

Thanks Mike, you haven't aged in 20 years.

[TheDominatingBigdom]

How is he one of the most respected people in business thinking. he just basically uses common sence and writes it down in a posh way

[kdhere]

This is real common sense.... but the angony is that common sense is so uncommon

[bharatpatelpt]

its good...people shud watch stuff lyk dis.

[Archon2301]

Write in normal English please!!!