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Harvard Business School HBS Home About Academic Programs Alumni Faculty & Research Baker Library Harvard Business Review Initiatives News Recruit Map / Directions Institute For Strategy & Competitiveness About The Institute Research Areas Research Areas Health Care Competitiveness & Economic Development Creating Shared Value Strategy CEO Leadership Philanthropy Environmental Quality Antitrust & Competition Policy Innovation & Innovative Capacity Social Progress Index Resources Resources Courses Data Events & Presentations Frameworks News Publications Video Health Care Competitiveness & Economic Development Creating Shared Value Strategy About Michael Porter × Health Care Competitiveness & Economic Development Creating Shared Value Strategy About Michael Porter About the Institute Research Areas Courses Data Events & Presentations Frameworks News Publications Resources Video HBS → ISC PageHeader Harvard Business Review: Smart, Connected Products Health Care: Value-Based Health Care U.S. COMPETITIVENESS: Competition in the Politics Industry Page Content The Institute for Strategy and Competitiveness is a nonprofit research, education, and policy organization founded by Michael Porter and based at Harvard Business School in Boston, Massachusetts. Our mission is to advance scholarship; develop practical, research-based frameworks; and educate and advise leaders and policymakers. More About the institute More about michael porter PageContent4 The Politics Industry The American political system is broken. How do we fix it? Start by understanding how it actually works. Pre-order today: RECENT Publications A Recovery Squandered U.S. Competitiveness Report Despite a decade of steady economic growth since the Great Recession, America has done remarkably little to address underlying structural weaknesses in the country’s economy and society. The report highlights a striking lack of shared reality about the trajectory of U.S. competitiveness, a poor understanding of the structural nature of our political problems, and other gaps in understanding. See all publications Recent & Upcoming Events July 2020 Value Measurement for Health Care HBS Campus, Boston MA | July 27-29, 2020 Value Measurement for Health Care explores the best practices for reorganizing and coordinating care, measuring outcomes and costs, improving process efficiencies with Time-Driven Activity-Based Costing (TDABC), implementing new reimbursement approaches, and integrating care delivery across practices. See all events In the news Why Do We Let Political Parties Act Like Monopolies? The New York Times , May 20, 2019 KU Leuven’s Documentary on Shared Value KU Leuven , February 11, 2019 See all media mentions Data & External Sites U.S. Cluster Mapping Portal "Mapping a nation of regional clusters" Why Competition in the Politics Industry is Failing America "A strategy for reinvigorating our democracy" See more Institute data resources Twitter Connect with Michael Porter PageContent5 Essential Reading In health care, the days of business as usual are over. Around the world, every health care system is struggling with rising costs and uneven quality despite the hard work of well-intentioned, well-trained clinicians. Health care leaders and policy makers have tried countless incremental fixes—attacking fraud, reducing errors, enforcing practice guidelines, making patients better consumers,” implementing electronic medical records—but none have had much impact. It’s time for a fundamentally new strategy. The Strategy That Will Fix Health Care Competitive advantage. The value chain. Five forces. Industry structure. Differentiation. Relative cost. If you want to understand how companies achieve and sustain competitive success, Michael Porter’s frameworks are the foundation. But while everyone in business may know Porter’s name, many managers misunderstand and misuse his concepts. Understanding Michael Porter sets the record straight, providing a concise, accessible summary of Porter’s revolutionary thinking. 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