Faculty News, In the News | Harbus | 16 Nov 2017
Perspectives, Part One: Five Forces, Politics and Porter & Gehl: “Why Competition in the Politics Industry is Failing America”
Re: Michael Porter
If our political system were an industry – the Political Industrial Complex – it would be valued at more than $16 billon. Furthermore, if you include the $3.6 trillion budget allocated by this apparatus at the federal and state level, it’s the biggest industry out there. But we don’t think about it as an industry, nor have we employed the tools of business analysis to understand why it functions the way it does. Professor Michael Porter and Katherine Gehl seek to change that paradigm in their recently released report “Why Competition in the Politics Industry is Failing America”. Using the five forces model for industry analysis, they uncover a system effectively serving special interests but not the interests of the American people.

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