536:: Initiative for a Competitive Inner City – ICIC, founded in 1994, and which he still chairs, which addresses economic development in distressed urban communities; the Center for Effective Philanthropy, which creates rigorous tools for measuring foundation effectiveness; FSG Social Impact Advisors, a leading non-profit strategy firm which he co-founded with Mark Kramer, serving NGOs, corporations, and foundations in the area of creating social value; and International Consortium for Health Outcomes Measurements (ICHOM), which he co-founded in 2012 with Stefan Larsson and Martin Ingvar. ICHOM supports the key strategic agenda items in Porter's Value-Based Health Care Delivery framework by working with patients and leading healthcare providers to create a global standard for measuring health outcomes. He also currently serves on the Board of Trustees of
372:
building and sustaining competitive advantage. He originally developed the Porter's Five Forces in 1979 which is still widely used as a model to analyse the industry and to estimate whether it would be profitable and ideal enough to enter the industry after carefully examining the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, competition among existing firms and threat of substitutes. He first wrote and published about Porter's Five Forces in a 1979 article
45:
1940:
112:
430:(written with Elizabeth Teisberg), develops a new strategic framework for transforming the value delivered by the health care system, with implications for providers, health plans, employers, and government, among other actors. The book received the James A. Hamilton award of the American College of Healthcare Executives in 2007 for book of the year. His
259:, which is instrumental in business strategy development at present. He is generally regarded as the father of the modern strategy field. He is also regarded as one of the world's most influential thinkers on management and competitiveness as well as one of the most influential business strategists. His work has been recognized by governments,
556:, a business best described as a "political industry", that competes in ways that serve the parties' interests rather than the public good. Gehl and Porter published a Harvard Business School report on the topic, "Why Competition in the Politics Industry is Failing America" (2017), and later a book,
271:
Michael Porter's father was a civil engineer and
Georgia Tech graduate who had also gone on to a career as an army officer. During Porter's childhood, his family moved around the United States, and to France and Canada. This contributed to Porter's interest in understanding the economic development
359:
in 1990. The book is based on studies of ten nations and argues that a key to national wealth and advantage was the productivity of firms and workers collectively, and that the national and regional environment supports that productivity. He proposed the "diamond" framework, a mutually-reinforcing
593:
Porter's work has received criticism from peers within academia for inconsistent logical argument in his assertions. Porter's conclusions have been critiqued as "lacking in empirical support" and as "justified with selective case studies". In these analysis of his work it is asserted that Porter
371:
advantage. Cost advantage is when a business provides the same products and services as its competitors, albeit at a lesser cost. Differentiation advantage is when a business provides better products and services as its competitors. In Porter's view, strategic management should be concerned with
609:
Porter stated in a 2010 interview: "What I've come to see as probably my greatest gift is the ability to take an extraordinarily complex, integrated, multidimensional problem and get arms around it conceptually in a way that helps, that informs and empowers practitioners to actually do things."
436:
research article, "A Strategy for Health Care Reform – Toward a Value-Based System" (July 2009), lays out a health reform strategy for the US. His work on health care is employed to address the health care delivery problems in developing countries, in collaboration with
363:
During April 2014, Porter discussed how the US ranks relative to other countries on a comprehensive scorecard called "The Social
Progress Index", an effort which he co-authored. This scorecard rated the US on a comprehensive set of metrics; overall, the US placed 16th.
322:
During his career, Porter has emphasized that the essence of strategy is about making choices. He has delivered public speaking based on the importance of strategy formulation and has served as a consultant to many governments and NGOs devising strategy formulations.
360:
system of four factors that determine national advantage: factor conditions; demand conditions; related or supporting industries; and firm strategy, structure and rivalry. Information, incentives, and infrastructure were also key to that productivity.
1598:
U.S. consulting and advisory firm
Monitor Company Group and its affiliates filed for Chapter 11 bankruptcy protection, court documents showed, and said it has agreed to sell its assets to global consultancy firm
1743:
Yetton, Philip, Jane Craig, Jeremy Davis, and Fred Hilmer (1992), "Are
Diamonds a Country's Best Friend? A Critique of Porter's Theory of National Competition as Applied to Canada, New Zealand and Australia,"
275:
Porter said in an interview that he first became interested in competition through sports. He was on the NCAA championship golf squad at
Princeton and also played football, baseball and basketball growing up.
414:. The value chain comprises each of the activities, from design through distribution, that a company performs to produce a product; these activities are viewed as the “basic units of competitive advantage".
1930:
303:
in 1973. Porter credits
Harvard professor Roland "Chris" Christensen with inspiring him and encouraging him to speak up during class. Porter reached the top of his class by his second year at HBS.
851:
Kim JY, Rhatigan J, Jain SH, Weintraub R, Porter ME. "From a declaration of values to the creation of value in global health: a report from
Harvard University's Global Health Delivery Project".
1297:
1928:
1581:
788:
1175:
602:
He has written numerous books on modern competitive strategy for business. His concepts and theories with regards to strategic management, such as Porter's Five Forces,
1929:
485:
of
Venezuela was influenced under the guidance of Porter, taught American business administration. Porter has served on two public boards of directors, those of
858:
Rhatigan, Joseph, Sachin H Jain, Joia S. Mukherjee, and
Michael E. Porter. "Applying the Care Delivery Value Chain: HIV/AIDS Care in Resource Poor Settings."
1038:
482:
777:
1670:
1325:
478:
1064:
715:
1455:
635:, Free Press, New York, 1980. The book was voted the ninth most influential management book of the 20th century in a poll of the Fellows of the
505:, and has led national economic-strategy programs in other countries. As of 2009, he was working with the presidents of Rwanda and South Korea.
729:
Porter, M.E. & Kramer, M.R. (2006) "Strategy and
Society: The Link Between Competitive Advantage and Corporate Social Responsibility",
1201:
1651:
2050:
2075:
367:
Michael Porter defined the two ways in which an organization can achieve competitive advantage over its rivals: cost advantage and
2060:
386:
in 1985. which later went onto become one of the key concepts in management science at present. He also published a book titled
1772:
1090:
579:, the university's highest recognition awarded to Harvard faculty. He is a six-time winner of the McKinsey Award for the best
2030:
1491:
1387:
1309:
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498:
890:
Stefan Ambec, Mark A. Cohen, Stewart Elgie, and Paul Lanoie. Resources for the Future Discussion Paper, Washington DC, 2011.
2055:
2025:
755:
1894:
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1844:
1717:
Sharp, Byron; Dawes, John (1996), "Is Differentiation Optional? A Critique of Porter's Generic Strategy Typology," in
170:
924:
Sölvell, Ö. (2015), "The Competitive Advantage of Nations 25 years – opening up new perspectives on competitiveness".
490:
180:
87:
17:
1428:
1329:
894:
Well-Designed Environmental Regulations will Strengthen Companies' Competitiveness: Reviewing the Porter Hypothesis
256:
766:
272:
of regions and countries, and the differences in economic outcomes and competitiveness across different regions.
806:
446:
432:
54:
31:
716:
http://onlinelibrary.wiley.com/doi/10.1002/(SICI)1097-0266(199707)18:1%2B%3C15::AID-SMJ916%3E3.0.CO;2-1/abstract
2020:
260:
206:
888:
The Porter Hypothesis After 20 Years: How Can Environmental Regulation Enhance Innovation and Competitiveness?
915:, F.A.J. van den Bosch and A.P. de Man (eds.), Kluwer Academic Publishers, Dordrecht, The Netherlands, 1997.
2080:
2045:
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202:
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1964:
1945:
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in order to explain the concept of competitive advantage and the book which later went onto become a
1508:
486:
1403:
2015:
936:
The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democrac
722:
665:
581:
558:
The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democrac
368:
316:
296:
244:
594:
fails to credit original creators of his postulates originating from pure microeconomic theory.
2070:
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442:
288:
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58:
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963:
879:
744:
673:
636:
521:
383:
1115:
2065:
1985:
1960:
973:
953:
606:, Porter's Generic Strategies and Porter's Value Chain, are widely taught in universities.
537:
284:
184:
166:
69:
8:
1513:
708:
McGahan, A.M. & Porter, M.E. Porter. (1997) "How Much Does Industry Matter, Really?"
513:
466:
142:
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978:
576:
300:
176:
1821:
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1305:
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1154:
474:
198:
299:(HBS), where he was a George F. Baker Scholar, and a PhD in business economics from
1817:
1730:
Speed, Richard J. (1989), "Oh Mr Porter! A Re-Appraisal of Competitive Strategy,"
958:
948:
462:
438:
248:
1536:
1862:
The Lords of Strategy: The Secret Intellectual History of the New Corporate World
1481:
902:
Cho, Dong-Sung Cho and Hwy-Chang Moon. Asia-Pacific Business Series, Korea, 2000.
844:
Jain SH, Weintraub R, Rhatigan J, Porter ME, Kim JY. "Delivering Global Health".
494:
1991:
1798:
1563:
983:
549:
938:
y, Katherine M. Gehl, Michael E. Porter, Harvard Business Review Press, 2020,
461:. He has been a strategy advisor to US and international companies, including
2009:
1837:
Understanding Michael Porter: The Essential Guide to Competition and Strategy
1404:"Analyzing the Competition with Porter's Five Forces - businessnewsdaily.com"
1275:
1039:"The job of a leader is just to keep learning, says Harvard's Michael Porter"
873:
Understanding Michael Porter: The Essential Guide to Competition and Strategy
603:
509:
458:
1948:
was created from a revision of this article dated 25 January 2016
1233:"The False Expectations of Michael Porter's Strategic Management Framework"
929:
378:
Competitive Strategy: Techniques for Analyzing Industries and Competitors.
423:
407:
395:
292:
240:
656:
Porter, M.E. (1987) "From Competitive Advantage to Corporate Strategy",
1996:
1697:
Colvin, Geoff (October 29, 2012). "There's No Quit in Michael Porter".
900:
From Adam Smith to Michael Porter: Evolution of Competitiveness Theory.
736:
Porter, M.E. (2008) "The Five Competitive Forces That Shape Strategy",
391:
1887:
From Adam Smith to Michael Porter: Evolution of Competitiveness Theory
1116:"Michael E. Porter - Faculty & Research - Harvard Business School"
1091:"Michael Porter: coining vital business strategies for sustainability"
884:
Kiechel, Walter III. Harvard Business School Publishing, Boston, 2010.
65:
1974:
Institute for Strategy and Competitiveness at Harvard Business School
255:) and FSG, a social impact consultancy. He is credited with creating
376:
and has further explained about the Five Forces in his 1980 article
1757:
Allio, Robert J. (1990), "Flaws in Porter's Competitive Diamond?,"
1483:
Competitive Advantage: Creating and Sustaining Superior Performance
1456:"Market-Based and Resource-Based Theories of Competitive Advantage"
875:. Magretta, Joan. Boston: Harvard Business School Publishing, 2012.
825:
Redefining Health Care: Creating Value-Based Competition On Results
517:
412:
Competitive Advantage: Creating and Sustaining Superior Performance
388:
Competitive Advantage: Creating and Sustaining Superior Performance
252:
1351:
921:. Lisbon, Portugal: Ministério da Indústria e Energia, May 1995.
704:
http://onlinelibrary.wiley.com/doi/10.1002/smj.4250121008/abstract
287:
in 1969, where he graduated first in his class and was elected to
1638:
1625:
553:
326:
Porter is the author of 20 books and numerous articles including
111:
2000:
1675:
1065:"Michael E. Porter on Why Companies Must Address Social Issues"
789:
Measuring Healthcare Outcomes to Deliver Value and Lower Costs"
674:"Michael Porter on Creating Competitive Advantage for Yourself"
457:
Porter acting as a consultant to business, government, and the
1582:"Monitor Company files for Chapter 11; Deloitte to buy assets"
1089:
Weinreb, James Epstein-Reeves and Ellen (September 25, 2013).
1671:"The Industry That Treats Its Customers Worse Than Any Other"
1176:"The Essence Of Strategy Is Making Choices: Michael E Porter"
882:: The Secret Intellectual History of the New Corporate World.
624:
Porter, M.E. (1979) "How Competitive Forces Shape Strategy",
913:
Perspectives on Strategy: Contributions of Michael E. Porter
756:"How Smart, Connected Products are Transforming Competition"
696:
Porter, M.E. (1991) "Towards a Dynamic Theory of Strategy",
807:
Why Competition in the Politics Industry is Failing America
778:
Why Every Organization Needs an Augmented Reality Strategy"
315:
framework for analyzing industries, inspired by classes in
1980:
Porter proposals for reforming the delivery of health care
342:, and is the most cited author in business and economics.
221:
1979:
1973:
1541:
767:
How Smart, Connected Products are Transforming Companies"
905:“Retrospective: Michael Porter's Competitive Strategy.”
295:. He received an MBA with high distinction in 1971 from
279:
Porter received a BSE with high honors in aerospace and
1803:"Most Influential Management Books of the 20th Century"
1023:
date & year of birth, full name according to LCNAF
1611:
1226:
1224:
1222:
832:"Clinical Registries: The Opportunity For The Nation."
422:
Porter has focused on addressing pressing problems in
1509:"What Is Value Chain Analysis and How Do You Use It?"
247:. He was one of the founders of the consulting firm
1774:
The case for letting business solve social problems
1219:
1986:Biography at Harvard Business School Faculty Pages
1568:. Harvard Business Review Press. February 5, 2013.
1429:"'Five Forces' That Make or Break Consumer Brands"
1004:
919:O Projecto Porter: A aplicação a Portugal 1993/94
483:Instituto de Estudios Superiores de AdministraciĂłn
1719:Management, Marketing and the Competitive Process
1006:"The Five Competitive Forces That Shape Strategy"
720:Porter, M.E. (2001) "Strategy and the Internet",
2007:
1202:"The Collapse Of Strategy And Its Implications"
799:
702:, 12 (Winter Special Issue), pp. 95–117.
653:, Harvard Business School Press, Boston, 1986.
714:, 18 (Summer Special Issue), pp. 15–30.
776:Porter, M.E. & Heppelmann, J.E. (2017) "
765:Porter, M.E. & Heppelmann, J.E. (2015) "
548:An analysis by Porter in collaboration with
345:
1793:
754:Porter, M.E. & Heppelmann, J.E. (2014)
266:
30:For other people named Michael Porter, see
1669:Kestenbaum, Richard (September 26, 2017).
1668:
1369:
1289:
751:Jan/Feb 2011, Vol. 89 Issue 1/2, pp. 62–77
110:
68:. Please do not remove this message until
1624:Initiative for a Competitive Inner City,
1612:"Initiative for a Competitive Inner City"
1565:Playing to Win: How Strategy Really Works
1142:
1140:
1138:
1136:
896:. Mitsuhashi Tadahiro (ed.) Japan, 2008.
866:
823:Porter, M.E. & Teisberg, E.O. (2006)
426:in the US and other countries. His book,
88:Learn how and when to remove this message
1956:, and does not reflect subsequent edits.
1939:
1834:
1326:"Michael Porter on GPS: Is the U.S. #1?"
787:Porter, M.E. & Kaplan, R.S. (2019) "
743:Porter, M.E. & Kramer, M.R. (2011) "
686:, Boston: Harvard Business School, 1998.
663:Porter, M.E. (1996) "What is Strategy",
441:, Dr. Kevin J. Bozic, and others at the
350:
64:Relevant discussion may be found on the
1889:. World Scientific Publishing Company.
1859:
1761:, 18 (No. 5, September/October), 28–32.
1721:, Peter Earl, Ed. London: Edward Elgar.
1690:
1535:Jonker, Alexandra (November 17, 2023).
1453:
1146:
1088:
1037:Ascend, H. B. R. (September 21, 2017).
930:https://doi.org/10.1108/CR-07-2015-0068
817:
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14:
2008:
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1579:
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1479:
1375:
1295:
1264:"The Competitive Advantage of Nations"
1261:
1230:
1133:
1036:
1002:
827:, Harvard Business School Press, 2006.
805:Gehl, K.M. & Porter, M.E. (2017) "
568:In 2000, Michael Porter was appointed
532:Michael Porter has founded four major
1654:Affiliated organizations institutions
860:Harvard Business School Working Paper
838:
830:Berwick, DM, Jain SH, and Porter ME.
691:The Competitive Advantage of Nations,
374:How Competitive Forces Shape Strategy
1300:The Competitive Advantage of Nations
1262:Porter, Michael E. (March 1, 1990).
1062:
563:
552:frames the US two-party system as a
357:The Competitive Advantage of Nations
38:
1972:Michael Porter currently leads the
1884:
1771:Porter, Michael (October 7, 2013),
1732:Marketing Intelligence and Planning
1580:Prasad, Sakthi (November 8, 2012).
1237:Gestão & Planejamento – G&P
1199:
1003:Porter, Michael (January 1, 2008).
793:HealthManagement.org - The Journal,
319:economics that he took at Harvard.
239:(born May 23, 1947) is an American
24:
1926:
1296:Porter, Michael E. Porter (1990).
1173:
27:American businessman and professor
25:
2097:
1907:
1864:. Harvard Business Review Press.
1839:. Harvard Business Review Press.
1507:Treece, Dock (October 23, 2023).
1231:Aktouf, Omar (January 24, 2008).
491:Parametric Technology Corporation
406:Porter introduced the concept of
382:Porter introduced the concept of
2051:Writers from Ann Arbor, Michigan
1938:
1746:Australian Journal of Management
1454:Francis, Abey (March 18, 2016).
1251:– via revistas.unifacs.br.
907:Academy of Management Executive,
733:, December 2069, pp. 78–92.
660:, May/June 1987, pp. 43–59.
651:Competition in Global Industries
336:Competitive Advantage of Nations
43:
2076:Harvard Business School faculty
1878:
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1556:
1537:"What is value chain analysis?"
1528:
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1447:
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1396:
1344:
1318:
1255:
846:Student British Medical Journal
834:Health Affairs Blogs, May 2011.
740:, January 2008, pp. 79–93.
508:In 1983, Porter co-founded the
447:Harvard School of Public Health
433:New England Journal of Medicine
32:Michael Porter (disambiguation)
2061:Harvard Business School alumni
1193:
1167:
1108:
1082:
1056:
1030:
1017:
996:
928:, Vol. 25 No. 5, pp. 471-481.
417:
401:
261:non-governmental organizations
13:
1:
1822:10.1016/S0090-2616(01)00022-5
989:
726:, March 2001, pp. 62–78.
646:, Free Press, New York, 1985.
588:
527:
520:in 2013 through a structured
452:
257:Porter's five forces analysis
2031:American aerospace engineers
1352:"2018 Social Progress Index"
862:, No. 09-093, February 2009.
800:US political competitiveness
711:Strategic Management Journal
699:Strategic Management Journal
7:
2056:Princeton University alumni
2026:American business theorists
1988:– Accessed October 15, 2012
1982:– Accessed October 15, 2012
1976:– Accessed October 15, 2012
1748:, 17 (No. 1, June), 89–120.
1641:, accessed 10 December 2019
1480:Porter, Michael E. (1985).
1376:Porter, Michael E. (1985).
942:
693:Free Press, New York, 1990.
543:
313:Porter five forces analysis
207:Porter's four corners model
70:conditions to do so are met
10:
2102:
1628:, accessed 9 December 2019
1356:2018 Social Progress Index
1153:. Harvard Business Press.
795:November 2019, pp. 466–467
689:Porter, M.E. (1990, 1998)
649:Porter, M.E. (ed.) (1986)
29:
969:Smart, connected products
597:
346:Competition among nations
306:
216:
212:
194:
159:
154:
150:
121:
109:
102:
1860:Kiechel, Walter (2010).
1147:Kiechel, Walter (2010).
909:May 2002, Vol. 16, No. 2
855:. 2010 Mar; 5(2):181–88.
784:November 2017, pp. 46–62
782:Harvard Business Review,
773:October 2015, pp. 97–114
771:Harvard Business Review,
762:November 2014, pp. 65–88
760:Harvard Business Review,
749:Harvard Business Review,
534:non-profit organizations
487:Thermo Fisher Scientific
267:Early life and education
1885:Cho, Dong-Sung (2013).
1835:Magretta, Joan (2011).
1810:Organizational Dynamics
1268:Harvard Business Review
1011:Harvard Business Review
811:Harvard Business School
738:Harvard Business Review
731:Harvard Business Review
723:Harvard Business Review
666:Harvard Business Review
658:Harvard Business Review
626:Harvard Business Review
613:
582:Harvard Business Review
570:Bishop William Lawrence
317:industrial organization
297:Harvard Business School
245:Harvard Business School
1934:
1914:Listen to this article
1174:Warsia, Noor Fathima.
926:Competitiveness Review
867:Books and commentaries
604:Porter's Diamond model
443:Harvard Medical School
428:Redefining Health Care
311:Porter developed the
281:mechanical engineering
2021:Innovation economists
1933:
1379:Competitive Advantage
1150:The Lords of Strategy
964:Social Progress Index
880:The Lords of Strategy
745:Creating Shared Value
644:Competitive Advantage
637:Academy of Management
585:article of the year.
522:bankruptcy proceeding
384:competitive advantage
351:Competitive Advantage
332:Competitive Advantage
237:Michael Eugene Porter
126:Michael Eugene Porter
1965:More spoken articles
1200:Denning, Stephanie.
974:Strategic management
954:Marketing strategies
853:Global Public Health
818:Domestic health care
682:Porter, M.E. (1998)
672:Porter, M.E. (2017)
642:Porter, M.E. (1985)
633:Competitive Strategy
631:Porter, M.E. (1980)
619:Competitive strategy
573:University Professor
538:Princeton University
479:Taiwan Semiconductor
467:Procter & Gamble
424:health care delivery
408:value chain analysis
328:Competitive Strategy
285:Princeton University
203:Porter's five forces
167:Princeton University
2081:Marketing theorists
2046:American economists
1514:Business News Daily
1433:Practical Ecommerce
1408:Business News Daily
628:, March/April 1979.
518:Deloitte Consulting
514:strategy-consulting
497:, working with the
143:Ann Arbor, Michigan
57:of this article is
2086:Business educators
2041:American academics
2036:American educators
1935:
1795:Bedeian, Arthur G.
1460:MBA Knowledge Base
979:Strategic planning
839:Global health care
516:firm acquired by
471:Scotts Miracle-Gro
410:in his 1985 book,
301:Harvard University
263:and universities.
177:Harvard University
1931:
1493:978-0-02-925090-7
1435:. August 26, 2021
1389:978-0-684-84146-5
1311:978-0-684-84147-2
1160:978-1-59139-782-3
813:, September 2017.
564:Honors and awards
475:Royal Dutch Shell
249:The Monitor Group
243:and professor at
234:
233:
199:Porter hypothesis
98:
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18:Michael E. Porter
16:(Redirected from
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1336:January 27,
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1120:www.hbs.edu
1100:October 10,
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1048:October 10,
463:Caterpillar
418:Health care
402:Value chain
396:value chain
293:Tau Beta Pi
241:businessman
78:August 2024
2010:Categories
1961:Audio help
1952:2016-01-25
1639:Our People
990:References
678:HBR Ascend
589:Criticisms
560:y (2020).
528:Non-profit
453:Consulting
392:bestseller
132:1947-05-23
55:neutrality
1599:Deloitte.
1588:. Reuters
1578:Compare:
1276:0017-8012
501:and with
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66:talk page
1963: ·
1592:June 17,
943:See also
544:Politics
503:Congress
253:Deloitte
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1950: (
1921:minutes
1700:Fortune
1682:July 5,
1586:Reuters
577:Harvard
554:duopoly
217:Website
2001:C-SPAN
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598:Legacy
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1806:(PDF)
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283:from
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