{"componentChunkName":"component---src-templates-articles-index-jsx","path":"/articles/management-theory-of-michael-porter/","result":{"data":{"props":{"adsense":true,"adsenseMobile":null,"byLine":"","canonical":"https://staging.business.com/articles/management-theory-of-michael-porter/","content":"

Michael Porter theory focuses on several major models. The most practical are Expectancy Theory and Value Chain Analysis.

\n

Through Expectancy Theory, Porter codified the major factors that impact an employee's motivation to perform. He stated that numerous factors fuel an employee's efforts to reach an organizational goal, including the expectation that performance will yield positive rewards and that rewards will match effort. Through Value Chain Analysis, Porter defined effective supply chain management, presenting a model which categorizes the activities that form a company's product-delivery system as either Primary or Support activities and showing how they work together to build profit. Both models, along with Porter's more complex Five Forces model, form the heart of Michael Porter's Strategic Management Theory.

\r\n

In order to properly understand Porter's Leadership Theory, you need to focus on the following information:

\r\n
    \n
  1. You need to gain as much knowledge as possible on Porter management theory.
    2. \r\n
  2. You may need to hire a business consultant who is thoroughly comfortable with management theories.
    3. \r\n
  3. You should find tools that allow you to put Porter's theory into action.
    4. \r\n
\n

Gain a thorough understanding of Porter management theory

\r\n

Numerous websites provide valuable information about Porter theory. In addition to diagrams and summaries of Porter management principles, you'll find various videos and instructional materials that can help you develop the background knowledge and practical expertise to put Michael Porter's theories to work for your company.
Harvard Business Publishing offers a well-produced 13-minute video interview with Michael Porter in which he expounds his Five Forces Theory and discusses his latest article on the topic. (For a link to the article, please see Best Sites to Learn More, at the end of this guide.) The Business Open Learning Archive guides you through Porter's Expectancy Theory, providing a diagram, discussion questions, exercises and tips for applying Porter's theory.

\r\n

Hire a consultant to help you put Porter's management theory into practice

\r\n

Consultants with knowledge and experience in the management theory of Michael Porter can guide you in maximizing the benefit of his principles in your own company's unique environment.

\r\n

Inforte, a firm which offers business strategy e-consulting based on the management theory of Michael Porter, has also reportedly been endorsed by Porter himself. Accenture, a firm with offices in 23 states, provides strategy consulting services which can help you put Porter's theories to work to increase your company's profitability.

\r\n

Look for tools that will help you put Porter theory to work

\r\n

Widely available online tools and resources can help you more easily implement Michael Porter management principles. Software programs, information and services are some of the valuable resources you'll find for your business.

\r\n

The Institute for Enterprise Architecture Developments (IFEAD) features numerous tools to help you optimize your business strategy. The site also offers Porter's What is Strategy? zipped file for download to help you maximize operational effectiveness. Ten3 offers various e-coaching and e-course materials, including a mini-course in strategic management which covers Porter theory.

\r\n\n","docType":"article","guid":"articles_fbfd26e1c20c0e1d085d6375a39c51ea","lastModified":"2011-04-22T22:41:00.000Z","published":"2011-04-22T22:41:00.000Z","structuredData":null,"subtitle":"Michael Porter theory can help you build a more competitive management strategy","template":"v1","title":"Management Theory of Michael Porter","type":"article","author":{"avatar":null,"bio":null,"name":"Jeanne Dininni","image":null,"slug":null,"social":{"facebook":null,"linkedin":null,"twitter":null,"website":null},"status":"disabled","title":null,"type":"Writer","user":null},"breadcrumbs":null,"channels":{"primary":{"name":"Business Basics","slug":"business-basics"},"sub":{"name":"Entrepreneurship","slug":"entrepreneurship"}},"meta":{"robots":"index, follow","description":null,"title":"Management Theory of Michael Porter - business.com"},"parsedContent":{"toc":[{"id":"gain-a-thorough-understanding-of-porter-management-theory","title":"Gain a thorough understanding of Porter management theory"},{"id":"hire-a-consultant-to-help-you-put-porters-management-theory-into-practice","title":"Hire a consultant to help you put Porter's management theory into practice"},{"id":"look-for-tools-that-will-help-you-put-porter-theory-to-work","title":"Look for tools that will help you put Porter theory to work"}],"json":[{"component":"p","children":["Michael Porter theory focuses on several major models. The most practical are Expectancy Theory and Value Chain Analysis."]},{"component":"p","children":["Through Expectancy Theory, Porter codified the major factors that impact an employee's motivation to perform. He stated that numerous factors fuel an employee's efforts to reach an organizational goal, including the expectation that performance will yield positive rewards and that rewards will match effort. Through Value Chain Analysis, Porter defined effective supply chain management, presenting a model which categorizes the activities that form a company's product-delivery system as either Primary or Support activities and showing how they work together to build profit. Both models, along with Porter's more complex Five Forces model, form the heart of Michael Porter's Strategic Management Theory."]},{"component":"p","children":["In order to properly understand Porter's Leadership Theory, you need to focus on the following information:"]},{"component":"ol","children":[{"component":"li","children":["You need to gain as much knowledge as possible on Porter management theory."]},{"component":"li","children":["You may need to hire a business consultant who is thoroughly comfortable with management theories."]},{"component":"li","children":["You should find tools that allow you to put Porter's theory into action."]}]},{"component":"h2","props":{"id":"gain-a-thorough-understanding-of-porter-management-theory"},"children":["Gain a thorough understanding of Porter management theory"]},{"component":"p","children":["Numerous websites provide valuable information about Porter theory. In addition to diagrams and summaries of Porter management principles, you'll find various videos and instructional materials that can help you develop the background knowledge and practical expertise to put Michael Porter's theories to work for your company. ",{"component":"br"},{"component":"a","props":{"href":"http://harvardbusinessonline.hbsp.harvard.edu/flatmm/hbrextras/200801/porter/index.html","target":"_blank","rel":"nofollow"},"children":["Harvard Business Publishing"]}," offers a well-produced 13-minute video interview with Michael Porter in which he expounds his Five Forces Theory and discusses his latest article on the topic. (For a link to the article, please see Best Sites to Learn More, at the end of this guide.) The Business Open Learning Archive guides you through Porter's Expectancy Theory, providing a diagram, discussion questions, exercises and tips for applying Porter's theory."]},{"component":"h2","props":{"id":"hire-a-consultant-to-help-you-put-porters-management-theory-into-practice"},"children":["Hire a consultant to help you put Porter's management theory into practice"]},{"component":"p","children":["Consultants with knowledge and experience in the management theory of Michael Porter can guide you in maximizing the benefit of his principles in your own company's unique environment."]},{"component":"p","children":["Inforte, a firm which offers business strategy e-consulting based on the management theory of Michael Porter, has also reportedly been endorsed by Porter himself. Accenture, a firm with offices in 23 states, provides strategy consulting services which can help you put Porter's theories to work to increase your company's profitability."]},{"component":"h2","props":{"id":"look-for-tools-that-will-help-you-put-porter-theory-to-work"},"children":["Look for tools that will help you put Porter theory to work"]},{"component":"p","children":["Widely available online tools and resources can help you more easily implement Michael Porter management principles. Software programs, information and services are some of the valuable resources you'll find for your business."]},{"component":"p","children":["The Institute for Enterprise Architecture Developments (IFEAD) features numerous tools to help you optimize your business strategy. The site also offers Porter's What is Strategy? zipped file for download to help you maximize operational effectiveness. Ten3 offers various e-coaching and e-course materials, including a mini-course in strategic management which covers Porter theory."]},{"component":"ul","children":[{"component":"li","children":["Be sure to take advantage of as many online tools and resources as possible to develop a clear understanding of the value that Porter's theory can have for your company."]}]}]},"resource":null,"sponsorship":null,"thumbnail":{"path":"https://staging.business.com/images/content/5d2/402667b4374d7538b4590/1500-0-","caption":"Monkey Business Images/Shutterstock","isBlurred":false},"bestPicks":null},"related":{"relatedArticles":[{"title":"Management Theory of Michael Porter","canonical":"https://www.business.com/articles/management-theory-of-michael-porter/","slug":"management-theory-of-michael-porter","thumbnail":"https://www.business.com/images/content/5d2/402667b4374d7538b4590/1500-0-","dek":"Michael Porter theory can help you build a more competitive management strategy","lastModified":"2011-04-22T22:41:00Z","published":"2011-04-22T22:41:00Z","sponsored":false},{"title":"Using Lean Strategies to Achieve Team Synergy and Efficiency","canonical":"https://www.business.com/articles/lean-strategies-team-efficiency/","slug":"lean-strategies-team-efficiency","thumbnail":"https://www.business.com/images/content/5be/480e49c658a51108b458c/1500-0-","dek":"Learn more about lean manufacturing strategies and how to implement them in your business.","lastModified":"2018-11-08T08:00:00Z","published":"2018-11-08T08:00:00Z","sponsored":false},{"title":"How to Increase Empathy in Your Business","canonical":"https://www.business.com/articles/empathy-in-business/","slug":"empathy-in-business","thumbnail":"https://www.business.com/images/content/5df/030c79c658ab9788b4567/1500-0-","dek":"Learn how a communication strategy can increase visibility and empathy in your business.","lastModified":"2019-12-11T16:00:00Z","published":"2019-12-11T16:00:00Z","sponsored":false},{"title":"10 Ways to Track Employee Productivity in the Workplace","canonical":"https://www.business.com/articles/how-to-track-employee-productivity/","slug":"how-to-track-employee-productivity","thumbnail":"https://www.business.com/images/content/5eb/c3dc55a215e5f618b458a/1500-0-","dek":"In this article, we explore what “productivity” truly is (and what it means to you as an employer), how to measure employee productivity, and how to improve productivity once you have a baseline measurement for your team.","lastModified":"2020-05-14T15:20:00Z","published":"2020-05-13T21:34:00Z","sponsored":false},{"title":"5 Important HR Considerations in the Time of COVID-19","canonical":"https://www.business.com/articles/5-hr-considerations-for-covid-19/","slug":"5-hr-considerations-for-covid-19","thumbnail":"https://www.business.com/images/content/5e7/d12527b43745d038b4572/1500-0-","dek":"COVID-19 has forced many companies to rapidly change their approach to work, raising crucial HR concerns. Here are some practical insights on five key policy areas.","lastModified":"2020-03-26T20:38:00Z","published":"2020-03-26T20:38:00Z","sponsored":false},{"title":"How Can You Change the Diversity and Inclusion Status Quo at Your Company?","canonical":"https://www.business.com/articles/change-diversity-and-inclusion-status-quo/","slug":"change-diversity-and-inclusion-status-quo","thumbnail":"https://www.business.com/images/content/5e6/c1e209c658a7f358b4596/1500-0-","dek":"It can seem like a daunting task, but if you follow these four steps, you'll be well on your way to improving both the diversity and inclusivity of your company.","lastModified":"2020-03-13T23:59:00Z","published":"2020-03-13T23:59:00Z","sponsored":false},{"title":"How to Improve Your Hiring Process","canonical":"https://www.business.com/articles/improve-hiring-process/","slug":"improve-hiring-process","thumbnail":"https://www.business.com/images/content/5dc/de4c67b437482298b456f/1500-0-","dek":"It is important to spend time refining your hiring process to ensure you are bringing aboard the best candidates,","lastModified":"2019-11-15T15:00:00Z","published":"2019-11-15T15:00:00Z","sponsored":false},{"title":"3 Tips for Managing Independent Professionals","canonical":"https://www.business.com/articles/manage-independent-professionals/","slug":"manage-independent-professionals","thumbnail":"https://www.business.com/images/content/5d8/547e19c658ad9438b4587/1500-0-","dek":"Learn how to attract and manage independent talent for your next special project.","lastModified":"2019-09-23T18:00:00Z","published":"2019-09-23T18:00:00Z","sponsored":false},{"title":"Managing Your Restaurant – A Guide","canonical":"https://www.business.com/articles/managing-restaurant/","slug":"managing-restaurant","thumbnail":"https://www.business.com/images/content/58c/afbad2f87b13d55f0ae03/1500-0-","dek":"There is a lot to restaurant management, whether you manage it yourself or hire managers.","lastModified":"2017-03-17T20:00:00Z","published":"2017-03-17T20:00:00Z","sponsored":false},{"title":"How to Support Furloughed Employees (and Bring Them Back to Work Properly)","canonical":"https://www.business.com/articles/how-to-support-furloughed-employees/","slug":"how-to-support-furloughed-employees","thumbnail":"https://www.business.com/images/content/5ea/c27229c658a4e458b4574/1500-0-","dek":"The pandemic and its economic impacts have led many companies to furlough employees. Here's what you can do to support your furloughed employees and bring them back to work the right way.","lastModified":"2020-05-01T14:42:00Z","published":"2020-05-01T14:42:00Z","sponsored":false},{"title":"Motivation Station: 3 Scientifically Proven Ways To Inspire Your Team","canonical":"https://www.business.com/articles/3-scientifically-proven-ways-to-inspire-your-team/","slug":"3-scientifically-proven-ways-to-inspire-your-team","thumbnail":"https://www.business.com/images/channel/human-resources.jpg","dek":"Current research suggests these strategies will help you inspire and motivate your employees, creating happier, effective and productive.","lastModified":"2016-05-24T15:00:00Z","published":"2016-05-24T15:00:00Z","sponsored":false},{"title":"How to Best Support First Time Remote Workers","canonical":"https://www.business.com/articles/help-remote-work-employees/","slug":"help-remote-work-employees","thumbnail":"https://www.business.com/images/content/5f1/e428a9c658ade5b8b4567/1500-0-","dek":"Properly supporting and managing your remote employees is critical to their success.","lastModified":"2020-07-27T12:00:00Z","published":"2020-07-27T12:00:00Z","sponsored":false}],"relatedReviews":[{"doc_type":"category","thumbnail":"https://staging.business.com/images/rz/5db752e25a215e277d8b4588/Invoicing_AndreyPopov_BDC.png","canonical":"https://staging.business.com/categories/best-collections-agency-services/","title":"The Best Collection Agency Services of 2021","dek":"We've reviewed the best collection agency services for 2021. See up-to-date comparisons on features and the best prices for the top-rated agencies.","slug":"best-collections-agency-services","lastModified":"2021-03-17T16:34:00Z"},{"doc_type":"category","thumbnail":"https://staging.business.com/images/rz/5e4edd837b437442548b456d/cash_Dutko_getty.jpg","canonical":"https://staging.business.com/categories/small-business-loans-and-financing-options/","title":"The Best Business Loan and Financing Options of 2021","dek":"Many small businesses need funding to get started. Learn about the different financing options to decide which would work best for your small business.","slug":"small-business-loans-and-financing-options","lastModified":"2021-03-11T17:24:00Z"},{"doc_type":"category","thumbnail":"https://staging.business.com/images/rz/5d4c65367b43741a258b4572/Laptop_Sfio_Cracho.png","canonical":"https://staging.business.com/categories/crm-software/","title":"The Best CRM Software of 2021","dek":"Looking for the best CRM software? We have easy-to-read, expert unbiased reviews and feature comparisons of the best and cheapest programs.","slug":"crm-software","lastModified":"2021-02-24T14:09:00Z"}],"relatedSponsoredArticles":null}},"pageContext":{"displayModified":"2011-04-22T22:41:00.000Z","template":"v1","title":"Management Theory of Michael Porter","meta":{"robots":"index, follow"},"docType":"articles","slug":"management-theory-of-michael-porter","canonical":"https://staging.business.com/articles/management-theory-of-michael-porter/","skipTOC":false}},"staticQueryHashes":[]}