Michael Porter Quotes


Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.


Citations

Porter, Michael E. The Competitive Advantage of Nations. Free Press, 1990, p. 6.

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Michael Porter
Michael Porter
  • Born: May 23, 1947
  • Nationality: American
  • Profession: Educator

Michael Eugene Porter is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the founders of the consulting firm The Monitor Group (now part of Deloitte) and FSG, a social impact consultancy. He is credited for creating Porter's five forces analysis, which is instrumental in business strategy development today.