Michael E. Porter (Economist)

Michael E. Porter is an influential American economist and professor known for his work in competitive strategy and economic development. He created important concepts like the "Five Forces" framework, which helps businesses analyze their competitive environment, and the "Value Chain," which examines how companies create value. Porter's ideas guide organizations in improving their competitiveness and shaping strategy. He also focuses on the importance of creating shared value, which suggests that businesses can enhance their success while also benefiting society. His work has significantly impacted business practices and economic policy worldwide.