one of our lecture theateres is named after this man, he is very clever in strategy of business and his work and theories are interesting, in my assignment i think i have quoted him a lot because his five forces framework and diamond framework are highly important to international strategy.

@Radhikaranjan it does have some force e.g trade policies which allow globalization however, goverments need these companies and foreign direct investment thats why they create special economic zone which allow companies to exploit the resources in that area, goverments are competiting for companies to come to thier country so that they can gain tax revenue.

@joleneramnarine the only force, especially when pleasing governemnt means getting rid of competition. in reality no such thing as a force, but a influence. In order for there to be a force, there must be a drawn region in which those interact, so it all depends how far or close you draw your region and therefore who you include or exclude.

In Economic Downturn - Customer is the King. Lalith Moorjani Piscataway

Those arguing to include government as a 6th force, may i recommend a broader interpretation? whether that be (i) government, or (ii) cultural or societal resilience, or (iii) Brand or category lock-in, or (iv) Power of brand & image, or (v) Status (quo) players & momentum drivers How about 'level of market resilience' as a 6th factor?

That's is because his brain is working overtime more than it can be processed to speech. His brain and speech are on different processing speed

One example of what Mr. Porter says is not sacrifice quality in order to save some money buying cheap raw materials.

The paradox of down turns is that pressure for lower prices will remain in place long after the downturn is over.. Why? Those fortunate enough to be surfing the right trend will not release their newly acquired profit pool so easily, speaking in general terms of course. Do you follow my drift? By the way, interesting how the business schools of Harvard and Insead cooperate for mutual branding benefit on the web, in the case of Michael Porter anyway:-) Thanks Mike, you haven't aged in 20 years.

5 years later, still in a downturn :(

WHat is he saying at 3:25 short term what??

its good...people shud watch stuff lyk dis.

03:48 i lol'd

As you can read from inigo333: scrutiny. :)

I have to say, Mr. Porter always stutters, which is slightly distracting.

scrutiny

How is he one of the most respected people in business thinking. he just basically uses common sence and writes it down in a posh way

@joleneramnarine that's right. government is not a force in USA and Western Europe. Who are you bluffing?

what a ballchinian.... hahahahahhaha