Michael Porter (Harvard Economist)

Michael Porter is a renowned Harvard economist known for his work on competitive strategy and industry analysis. He developed frameworks like the Five Forces model, which helps understand what influences an industry’s profitability—factors like how suppliers or competitors affect a company's success. Porter also introduced the concept of the value chain, illustrating how businesses create value through different activities. His ideas assist companies and policymakers in developing strategies to gain a competitive edge, fostering business growth and economic health. Overall, Porter's work provides practical tools for analyzing markets and making informed strategic decisions.