HBR IdeaCast

Applying Porter’s Five Forces to Fix U.S. Politics

26 snips
Jun 23, 2020
Katherine Gehl, former CEO and founder of the Institute for Political Innovation, teams up with Michael Porter, a Harvard Business School professor renowned for competitive strategy. Together, they explore the dysfunctional nature of U.S. politics using Porter's Five Forces framework. They argue that a duopoly between the major parties stifles innovation and citizen engagement. Their innovative solutions include nonpartisan primaries and ranked-choice voting, aiming to enhance competition and better serve the public, ultimately reigniting democracy.
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INSIGHT

Politics as a Duopoly

  • The U.S. political system, analyzed with Porter's Five Forces, reveals high barriers to entry for new parties.
  • The public holds little power in this "duopoly" market dominated by Republicans and Democrats.
INSIGHT

Cooperative Rivalry

  • Republicans and Democrats, despite being rivals, collaborate in setting rules.
  • This cooperation reinforces their duopoly and limits effective competition.
ANECDOTE

Gridlock and Fundraising

  • Issues like immigration reform have majority support.
  • However, it's not in either party's interest to compromise, as gridlock fuels fundraising.
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