Misplaced Pages

#857142

36-469: The Social Progress Index ( SPI ) measures the extent to which countries provide for the social and environmental needs of their citizens. Fifty-four indicators in the areas of basic human needs, foundations of well-being, and opportunity to progress show the relative performance of nations. The index is published by the nonprofit Social Progress Imperative , and is based on the writings of Amartya Sen , Douglass North , and Joseph Stiglitz . The SPI measures

72-474: A "political industry", that competes in ways that serve the parties' interests rather than the public good. Gehl and Porter published a Harvard Business School report on the topic, "Why Competition in the Politics Industry is Failing America" (2017), and later a book, The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democrac y (2020). In 2000, Michael Porter

108-509: A consistent methodology , by the same organization across all (or essentially all) of the countries in the sample. Together, this framework aims to capture a broad range of interrelated factors revealed by the scholarly literature and practitioner experience as underpinning social progress . Two key features of the Social Progress Index are: Social Progress Imperative evaluated hundreds of possible indicators while developing

144-437: A model to analyse the industry and to estimate whether it would be profitable and ideal enough to enter the industry after carefully examining the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, competition among existing firms and threat of substitutes. He first wrote and published about Porter's Five Forces in a 1979 article How Competitive Forces Shape Strategy and has further explained about

180-652: Is Chairman of the Advisory Board of the Social Progress Imperative. Other members of its board include Judith Roden of the Rockefeller Foundation and Matthew Bishop of The Economist magazine. Economist Michael Green is Executive Director of the Social Progress Imperative. Michael Porter Michael Eugene Porter (born May 23, 1947) is an American businessman and professor at Harvard Business School . He

216-430: Is asserted that Porter fails to credit original creators of his postulates originating from pure microeconomic theory. He has written numerous books on modern competitive strategy for business. His concepts and theories with regards to strategic management, such as Porter's Five Forces, Porter's Diamond model , Porter's Generic Strategies and Porter's Value Chain, are widely taught in universities. Porter stated in

252-646: Is setting a target for Social Progress Index performance alongside GDP targets. The Guardian reported that the European Commission had agreed to partner with Social Progress Imperative to create a Social Progress Index for the European Union . The EU Social Progress Index was published in October 2016. A similar index, although with some differences compared to the nation list (and therefore not directly comparable), has been published for

288-448: Is the author of 20 books and numerous articles including Competitive Strategy , Competitive Advantage , Competitive Advantage of Nations , and On Competition , and is the most cited author in business and economics. Porter wrote The Competitive Advantage of Nations in 1990. The book is based on studies of ten nations and argues that a key to national wealth and advantage was the productivity of firms and workers collectively, and that

324-458: Is when a business provides the same products and services as its competitors, albeit at a lesser cost. Differentiation advantage is when a business provides better products and services as its competitors. In Porter's view, strategic management should be concerned with building and sustaining competitive advantage. He originally developed the Porter's Five Forces in 1979 which is still widely used as

360-488: The Porter five forces analysis framework for analyzing industries, inspired by classes in industrial organization economics that he took at Harvard. During his career, Porter has emphasized that the essence of strategy is about making choices. He has delivered public speaking based on the importance of strategy formulation and has served as a consultant to many governments and NGOs devising strategy formulations. Porter

396-763: The Global South , and some critics have noted that many of the criteria are based on progressive Western Values . There has also been debate on the relevance or accuracy of many of the measurements for gender equality . A 2016 survey of online users browsing the SPI website indicated that as one of the index's flaws, 34% of respondents found the data incomplete and/or inaccurate, primarily referencing environmental hazards , energy usage , specific health issues, employment availability and quality, income inequality , gender inequality , and corruption as areas not sufficiently taken into account. From an econometric stand point,

SECTION 10

#1732765628858

432-481: The Harvard Medical School and Harvard School of Public Health . Porter acting as a consultant to business, government, and the social sector . He has been a strategy advisor to US and international companies, including Caterpillar , Procter & Gamble , Scotts Miracle-Gro , Royal Dutch Shell , and Taiwan Semiconductor . The Instituto de Estudios Superiores de Administración of Venezuela

468-550: The Center for Effective Philanthropy, which creates rigorous tools for measuring foundation effectiveness; FSG Social Impact Advisors, a leading non-profit strategy firm which he co-founded with Mark Kramer, serving NGOs, corporations, and foundations in the area of creating social value; and International Consortium for Health Outcomes Measurements (ICHOM), which he co-founded in 2012 with Stefan Larsson and Martin Ingvar. ICHOM supports

504-492: The Five Forces in his 1980 article Competitive Strategy: Techniques for Analyzing Industries and Competitors. Porter introduced the concept of competitive advantage in 1985. which later went onto become one of the key concepts in management science at present. He also published a book titled Competitive Advantage: Creating and Sustaining Superior Performance in order to explain the concept of competitive advantage and

540-681: The Index appears to be similar to other efforts aimed at overcoming the limitation of traditional economic measures such as the gross domestic product (GDP). A notable criticism is that although the Social Progress Index can be seen as a superset of indicators used by earlier econometric models such as Gross National Well-being Index 2005, Bhutan Gross National Happiness Index of 2012, and World Happiness Report of 2012, unlike them, it ignores measures of subjective life satisfaction and psychological well-being. Other critics point out that "there remain certain dimensions that are currently not included in

576-654: The James A. Hamilton award of the American College of Healthcare Executives in 2007 for book of the year. His New England Journal of Medicine research article, "A Strategy for Health Care Reform – Toward a Value-Based System" (July 2009), lays out a health reform strategy for the US. His work on health care is employed to address the health care delivery problems in developing countries, in collaboration with Dr. Jim Yong Kim , Dr. Kevin J. Bozic, and others at

612-433: The SPI. These are the concentration of wealth in the top 1 percent of the population, efficiency of the judicial system, and quality of the transportation infrastructure ." Some critics argue for caution. Though words such as " inclusive capitalism " are now bandied around increasingly to signal a new age, free from ideological battlegrounds between public and private, much of what the organization's founders say about it, in

648-489: The Social Progress Index, including engaging researchers at the Massachusetts Institute of Technology (MIT) to determine what indicators best differentiated the performance of nations. The index uses outcome measures when there are sufficient data available or the closest possible proxies. Data are for the year 2022. The index's measure of good governance has been criticized for using data biased against

684-503: The Social Progress Index. In addition to the global Social Progress Index, the methodology used to create it has been adapted to measure social and environmental performance in smaller areas, such as the Amazon region of Brazil. Other projects include a Social Progress Index for Guatemala City . Fundación Paraguaya has integrated elements of the Social Progress Index into its Poverty Stoplight tool. The national government of Paraguay

720-408: The US ranks relative to other countries on a comprehensive scorecard called "The Social Progress Index", an effort which he co-authored. This scorecard rated the US on a comprehensive set of metrics; overall, the US placed 16th. Michael Porter defined the two ways in which an organization can achieve competitive advantage over its rivals: cost advantage and differentiation advantage. Cost advantage

756-400: The book which later went onto become a bestseller also focuses on value chain concept. Porter introduced the concept of value chain analysis in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance . The value chain comprises each of the activities, from design through distribution, that a company performs to produce a product; these activities are viewed as

SECTION 20

#1732765628858

792-564: The economic development of regions and countries, and the differences in economic outcomes and competitiveness across different regions. Porter said in an interview that he first became interested in competition through sports. He was on the NCAA championship golf squad at Princeton and also played football, baseball and basketball growing up. Porter received a BSE with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he graduated first in his class and

828-504: The group formed a US-based nonprofit called the Social Progress Imperative and launched a beta version of the Social Progress Index for 50 countries in 2013 to measure a comprehensive array of components of social and environmental performance and aggregate them into an overall framework. This work was influenced by the contributions of Amartya Sen on social development, as well as by the recent call for action in

864-467: The individual U.S. states . The Social Progress Index examines social and environmental indicators that capture three distinct dimensions of social progress: Basic Human Needs, Foundations of Wellbeing, and Opportunity. The most recent version of the Social Progress Index is the 2021 Social Progress Index. Michael Green's TED Talk on The Social Progress Index was chosen as one of TED's favorite of 2014. Michael E Porter of Harvard Business School

900-472: The key strategic agenda items in Porter's Value-Based Health Care Delivery framework by working with patients and leading healthcare providers to create a global standard for measuring health outcomes. He also currently serves on the Board of Trustees of Princeton University . An analysis by Porter in collaboration with Katherine Gehl frames the US two-party system as a duopoly , a business best described as

936-481: The most influential business strategists. His work has been recognized by governments, non-governmental organizations and universities. Michael Porter's father was a civil engineer and Georgia Tech graduate who had also gone on to a career as an army officer. During Porter's childhood, his family moved around the United States, and to France and Canada. This contributed to Porter's interest in understanding

972-421: The national and regional environment supports that productivity. He proposed the "diamond" framework, a mutually-reinforcing system of four factors that determine national advantage: factor conditions; demand conditions; related or supporting industries; and firm strategy, structure and rivalry. Information, incentives, and infrastructure were also key to that productivity. During April 2014, Porter discussed how

1008-505: The presidents of Rwanda and South Korea. In 1983, Porter co-founded the Monitor Group , a strategy-consulting firm acquired by Deloitte Consulting in 2013 through a structured bankruptcy proceeding . Michael Porter has founded four major non-profit organizations : Initiative for a Competitive Inner City – ICIC, founded in 1994, and which he still chairs, which addresses economic development in distressed urban communities;

1044-598: The report "Mismeasuring Our Lives" by the Commission on the Measurement of Economic Performance and Social Progress . The Social Progress Index was released in 2014 for 133 countries with a second version in 2015. On July 11, 2013, Social Progress Imperative's chairman and professor at Harvard Business School, Michael Porter, addressed the United Nations 6th Ministerial Forum for Development and discussed

1080-454: The view of critics, confirms that the index is more about "business inclusivity" than "inclusive capitalism". Social Progress Imperative In 2010, a group of scholars and business leaders sought to develop a better measure of a country's level of development and, by extension, better understand its development priorities. Under the technical guidance of Professors Michael Porter from Harvard Business School and Scott Stern from MIT,

1116-536: The well-being of a society by observing social and environmental outcomes directly rather than the economic factors. The social and environmental factors include wellness (including health , shelter and sanitation ), equality, inclusion, sustainability and personal freedom and safety . The index combines three dimensions: Each dimension includes four components, which are each composed of between three and five specific outcome indicators. The included indicators are selected because they are measured appropriately, with

Social Progress Index - Misplaced Pages Continue

1152-437: The “basic units of competitive advantage". Porter has focused on addressing pressing problems in health care delivery in the US and other countries. His book, Redefining Health Care (written with Elizabeth Teisberg), develops a new strategic framework for transforming the value delivered by the health care system, with implications for providers, health plans, employers, and government, among other actors. The book received

1188-593: Was appointed Bishop William Lawrence University Professor at Harvard , the university's highest recognition awarded to Harvard faculty. He is a six-time winner of the McKinsey Award for the best Harvard Business Review article of the year. Porter's work has received criticism from peers within academia for inconsistent logical argument in his assertions. Porter's conclusions have been critiqued as "lacking in empirical support" and as "justified with selective case studies". In these analysis of his work it

1224-453: Was elected to Phi Beta Kappa and Tau Beta Pi . He received an MBA with high distinction in 1971 from Harvard Business School (HBS), where he was a George F. Baker Scholar, and a PhD in business economics from Harvard University in 1973. Porter credits Harvard professor Roland "Chris" Christensen with inspiring him and encouraging him to speak up during class. Porter reached the top of his class by his second year at HBS. Porter developed

1260-474: Was influenced under the guidance of Porter, taught American business administration. Porter has served on two public boards of directors, those of Thermo Fisher Scientific and Parametric Technology Corporation . He influence economic policy , working with the Executive Branch and with Congress , and has led national economic-strategy programs in other countries. As of 2009 , he was working with

1296-448: Was one of the founders of the consulting firm The Monitor Group (now part of Deloitte ) and FSG, a social impact consultancy. He is credited with creating Porter's five forces analysis , which is instrumental in business strategy development at present. He is generally regarded as the father of the modern strategy field. He is also regarded as one of the world's most influential thinkers on management and competitiveness as well as one of

#857142