Why Porter's Monitor Consulting Company Failed

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Five Forces (Porter) | Five Forces Analysis > Forum > Why Porter's Monitor Consulting Company Failed

Why Porter's Monitor Consulting Company Failed
Gary Wong, Consultant, Canada, Member
In 1983, Michael Porter co-founded his consulting company, the Monitor Group. In November 2012, Monitor was unable to pay its bills and filed for bankruptcy. One would think a strategy consulting firm would be able to avoid going into bankruptcy. Astonishly, the Monitor Group itself didnít believe in the Five Forces Analysis and hadnít used it for years. Steve Denning in a wrote: "Porter began his publishing career in his March-April 1979 Harvard Business Review article, 'How Competitive Forces Shape Strategy', with a very strange sentence: 'The essence of strategy is coping with competition.' Ignoring Peter Druckerís foundational insight of 1973 that the only valid purpose of a business is to create a customer, Porter focused strategy on how to protect businesses from other business rivals: "The goal of strategy, business and business education was to find a safe haven for businesses from the destructive forces of competition." In a he concluded: "Firms will only survive if they r (...) Read more? Sign up for free

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Five Forces (Porter) | Five Forces Analysis
Summary
Forum
The New Industrial Economics School
Why Porter's Monitor Consulting Company Failed
🔥Porter's 5 Forces Framework in Non-competitive Situations?
Best Practices
🥇Assumptions of the Five Forces model
🥈5 Forces in the public sector
🥉Apple Inc. and 5 Forces
5 Forces in Emerging Industries
Government as 6th Force in Porter's Five Forces
MEDIA as the 7th Force in Porter's Five Forces
Industry Analysis model
5 forces and supplier marketing
Porter's Five Forces is Excellent Tool
Basis of Five Forces Strategies
Substitution in the Five Forces Model
Business Networking: Forces are Getting Connected
How does Information Technology alter Porter's 5 Forces
Bargaining Power of Buyers. Examples
5 Forces Model Limitations
Porter 5 Forces and E-Commerce
Measuring / Calculating the Five Forces of Porter?
Evolution in Our Expectations of Business and Porter's Model
There are More than Porter's 5 Forces!
How to Deal with Competitors in Five Forces Analysis?
The Conclusion based on the Five Forces Model
Does Competition Increase the Need for Segmentation?
Who is the Buyer in the Internet Industry?
Five Forces in Accounting Services Industry


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