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Published on Jan 26, 2012
Michael Porter from Harvard Business School tells Edie Lush how companies in the US can take positive action to increase their competitiveness. HBS surveyed 10,000 of its alumni in a new study called Prosperity at Risk.
The last few decades have been about globalization - companies have been in the world of going offshore and building a global supply chain by chasing lower costs. In the process companies have lost the connection with their local community.
Companies like Corning in upstate New York are getting more local. They turned the sleepy town of Corning New York into a high tech center by reinvesting in the community and ensuring a pipeline of engineers and scientists that would help to increase productivity and increase the ability of the US to attract businesses as a global destination.