The election’s over, the economy’s back, and everybody wants a bailout. Detroit has its hand out. Insurer AIG just got billions more. China is cranking up its own billions in stimulus.
“Job one” for the new president will be the U.S. economy. But my guest today, Harvard Business School giant Michael Porter, says crisis management will not be enough for Barack Obama or anybody else in the years ahead. America’s fundamental competitiveness, he says, is in trouble. A real comeback is going to take more than bailouts. It’s going to take a serious strategy. He doesn’t see it yet.
This hour, On Point: Michael Porter on a long-term competitive strategy for the U.S. economy, beyond the bailouts.
You can join the conversation. Where do you see America’s greatest competitive strength today? Where do you see its weakness? What should it do to bounce back and stay on top?
Joining us in our studio is Michael Porter. He’s a world-renowned expert on how companies and nations strategize and compete. He is director of the Institute for Strategy and Competitiveness at Harvard Business School, where he is a University Professor. His article “Why America Needs an Economic Strategy?” is the cover story in the Nov. 10 issue of BusinessWeek magazine.