Michael Porter: Aligning Strategy & Project Management

[christopherarmstrong]

0:30 Porter is an aerospace engineer by training
8:45 The essence of strategy = how are we UNIQUE? Strategy is about _competing to be unique._
11:50 The vision is the GOAL. The strategy is HOW to get there. Strategy is ultimately holistic.
1:03:00 Zero-sum competition (me-too, race to the bottom)
1:07:30 Maintain discipline to resist the “gravitational pull” of operations. Strategy is tested every day.

[Freespch]

It never came to my mind while studying MBA at Anglia Ruskin University London that listening to Micheal directly on youtube will give me a better understanding. Thanks to Micheal Porter and Youtube.

[winoneliang]

A high value lecture on strategy with clear concept and actual case explanation, very appreciated the work of Professor Michael E. Porter, the strategy guru of our time.

[billbigler]

Wow great hearing and seeing Dr. Porter again. I am a retired associate professor of strategy who was trained at LSU in Baton Rouge with his ideas, and am only three years younger than Dr. Porter. I am also an undergraduate in Civii Engineering and Construction Management from the same institution where we did a lot of project management in our studies and with general contractors as on the job training. I also worked in some global company's strategy department's where I used project management a lot. I am not PMI certified but I could have been years ago. The thing Dr. Porter could have included in the video (it did not show the Q and A period) was how do you really align your projects so that they are supporting in a connected an holistic way to your department's success and the organization's competitive advantage. An approach could be to include a crisp statement in your Project Charter as to how this project contributes to the Value Proposition of your business unit and its Value Chain. It would include more than this obviously, but this alignment presupposes as Dr. Porter suggests actually communicating the strategy far and wide. A bit Polyannish I realize, but this has worked for my on dozens of client engagements.

[williamduke]

This is an amazing presentation that takes a close examination at the importance of a company’s ability to strategize. First, Michael Porter goes about his presentation in an extremely strong manner and forces the audience to absorb his information as a result of his tone. He is excited about the information he is sharing and backs up his ability to present with well-constructed data. He observes the importance of planning and how each member of an organization plays an essential role in the overall development of a company. I found his points of competitive advantage and value chain to be one of the most impactful aspects of his presentation. He uses personal examples and real-world scenarios to support his claims at how to organize and effect company. Michael Porter analyzes some of the world’s most impactful and organized companies and examines what they do that is so unique and successful. He points out what successful companies do well and what other companies of all sizes can do to attempt to find their competitive advantage as well. I greatly enjoyed the information presented throughout this speech and truly believe I can apply these methods to my own path in the world of business.

[shepherdmugwede]

what a lecture and a dream come true to see such an icon in strategic management presenting

[myirhaconsulting]

This is very informative and an eye opener to the project management community because this area is often overlooked and not given the attention it deserves. Basically, the project team assumes that the approved business case has been aligned to the corporate strategy and ready for execution. The focus is mainly on reviewing and validating the relevance of the business need during project development to ensure alignment with overall changes in strategy. Professor makes reference to very valid points that if there are changes in the value chain of service delivery, the need for the project needs to be reviewed to ensure that there is alignment with the new operational model.

[felixnatercsc]

An excellent class for any business but especially startups who want to get it right. I have heard this particular talk many times learning new things and reinforcing existing practices. Some of the most valid advice presentable in an understandable way.

[jonathandavis]

Currently in Business Administration program at SUNY Potsdam. Anyone who stumbles on this may want to cite this presentation. I will. Clear, crisp, and well understood on my part. Thank you Dr. Porter.

[kanyewest]

Great lecture. Always a pleasure to listen to and learn from professor Porter.

[johnnissimuli]

Micheal Potter the Authority when it comes to Strategic Management. The guru, and the greatest !

[stephenreinecke]

Brilliant, 33 into my own manufacturing business and understanding these concepts and fundamentals of strategy is so well presented, as most of his work. So useful!

[evelynpromenade]

Thank god I clicked on this recommendation. can't even imagine the pain of going through life without that talk 🥺💫🌟

[casbshah]

According to me a tradeoff Idea/strategy in this lecture is very practical and needs to understand in broad sense:
Making the "Set of customers unhappy" and at the same time making another set of customers Happy" is one the very practical points in today's era. Pleasing everyone is not desirable for sustainable profitability. Be Choosee in the selection of a set of customers once select the market and form a customer base!

[dalala]

Very intelligent person 👌 I studied his theories in MIS. Super genius 👏

[emmanuelricks]

I love this guy!! He makes knowledge transfer into power.

[Shubhankar]

Sir Michael Porter, you are so much clear in your minds and thoughts. And I guess clear mind is the birth place of any strategy, or decision making. I just love this video.

[francism.mwansa]

Great and informative lecture by Professor Porter, the Guru of Strategy.

[sirisaksirisak]

Business Bible author.Lucky to born in your time. You simplify the hard understanding matter to simple matter not hard as in your research.Thank you so much sir.

[tawanbrowne]

Great lecture give me some more idea than when I was at University for MBA.