Michael E. Porter, the renowned consultant, author, and Harvard Business School (HBS) professor will direct a new Institute for Strategy and Competitiveness (ISC), the University announced yesterday.
The interdisciplinary institute will be based at HBS and will support both research and teaching by marshalling a wide range of resources across the University.
Porter, who as Lawrence University professor can teach at any Harvard-affiliated school, said in his statement that “this institute seeks to foster the integration of competition and corporate strategy…with economic policy and social development.”
It will work with a number of other similar programs around the world, and also internally with Harvard’s Center for International Development.
The competitiveness of nations, states, corporations, and other economic units has long been an area of expertise for Porter.
He currently co-chairs the Global Competitiveness Report, a data-developing project that looks at the competitiveness of various nations. The institute will draw upon and elaborate on Porter’s work in the field, aiming to produce studies for a wide international audience.
The ISC’s new web page says competitive strategy “refers to how a company competes in a particular business,” and is “concerned with how a company can gain a competitive advantage through a distinctive way of competing.”
Porter’s competitiveness studies are considered industry defining, and included a massive public study of New Zealand’s economy completed in 1998.
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