A new version of Porter’s five-forces model

Professor Michael Porter published “How Competitive Forces Shape Strategy” in the Harvard Business Review in 1979. It has since been used (and abused) extensively by both practitioners and academics.

Porter recently re-visited the article and the model. The new article is available online.

Here is a 13-minute interview about the new version of the article:

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Guru Watch – Porter saving Lybia

Since meeting one of Muammar al-Qaddafi‘s sons at the World Economic Forum in Davos, Switzerland, in 2004, Porter and a group of Western consultants have become deeply engaged in overhauling the Mediterranean petro-state.

Qaddafi’s son, Seif al Islam (Sword of God), is making a career of trying to reform what is by many measures one of the world’s most backward economies. Now, thanks to his relationship with Porter and Monitor Group, a consulting firm with which Porter is affiliated, a roadmap for restructuring is emerging. (BW.com)