This document summarizes a presentation by Professor Michael Porter on competitiveness and economic development. It draws on Porter's previous work on competitive strategy and shared value. The presentation discusses what determines competitiveness, including endowments, macroeconomic policies, human capital, and microeconomic capabilities. It also presents Porter's Diamond model of competitiveness and discusses how improving different aspects of the business environment can enhance competitiveness. The document provides examples to illustrate these concepts and discusses measuring development through metrics like GDP and the Social Progress Index.
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NITI Lectures
1. This presentation draws on ideas from Professor Porter’s books and articles, in particular, Competitive Strategy (The Free Press, 1980); Competitive
Advantage (The Free Press, 1985); “What is Strategy?” (Harvard Business Review, Nov/Dec 1996); On Competition (Harvard Business Review, 2008);
and “Creating Shared Value” (Harvard Business Review, Jan 2011). No part of this publication may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the permission of Michael E. Porter. For
further materials, see the website of the Institute for Strategy and Competitiveness, www.isc.hbs.edu, and FSG website, www.fsg.org.
Competitiveness of Nations and Regions:
The New Learning
Professor Michael E. Porter
Harvard Business School
New Delhi,
May 25th, 2017