Fortune magazine calls Michael Porter simply "the most famous and influential business professor who has ever lived." His books are part of foundational coursework for business students around the world; he's applied sharp insight to health care systems, American competitiveness, development in rural areas. Now he's taking on a massive question: the perceived disconnect between corporations and society. He argues that companies must begin to take the lead in reconceiving the intersection between society and corporate interests -- and he suggests a framework, that of "shared value," which involves creating economic value in a way that also creates value for society.
Porter is a University Professor at Harvard Business School, where he leads the Institute on Strategy and Competitiveness, studying competitiveness for companies and nations -- and as a solution to social problems. He is the founder of numerous nonprofits, including The Initiative for a Competitive Inner City, a nonprofit, private-sector organization to catalyze inner-city business development.
“Everyone who talks about sustainable competitive advantage and how they're going to get it -- they don't say, 'This meeting is occurring because Mike Porter said it's important.' But that is why.” — Roger Martin, University of Toronto's Rotman School of Business, quoted in Fortune
As usual, the TED community has lots of news to share this week. Below, some highlights. Farewell to Cassini — and here’s to the continuing search for life beyond Earth. In mid-August, PBS released a digital short featuring Carolyn Porco, a planetary scientist and the leader of the imaging team for the Cassini mission to […]
Continue readingTheir names may both be Michael. They may even both be professors at Harvard. But Michael Porter and Michael Sandel offer up radically different ideas on business and its potential for good in their TED Talks, both released today. While Porter suggests that businesses are in a great position to tackle social problems — because […]
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