In this thought-provoking discussion, Andrew Yang, a former presidential candidate and entrepreneur, joins Michael Porter, a Harvard Business School professor, and Katherine Gehl, a former CEO, to tackle the flaws of the American political duopoly. They explore how entrenched parties stifle competition and the challenges faced by reform-minded candidates. The trio emphasizes innovative solutions like ranked choice voting and nonpartisan primaries to revitalize democracy, advocating for structural reforms to better represent voters and foster genuine political competition.

Michael Porter, a leading figure in healthcare and value-based care, shares his insights on transforming the healthcare landscape. He defines value-based healthcare and discusses its historical roots. The conversation dives into the formula for quantifying value, illustrated through the example of hip replacements. Porter addresses the pressing challenges in healthcare today, highlighting the need for improved provider satisfaction and patient outcomes. He advocates for value-based care as a solution that aligns the interests of providers, patients, and organizations, striving for the Quadruple Aim.

Michael Porter, a renowned strategist and creator of the Five Forces framework, discusses the nuances of influencer marketing. He breaks down the challenges influencers face in a competitive digital landscape, emphasizing sustainability. The conversation also highlights the importance of content and customer engagement in building loyalty. Furthermore, Porter shares a memorable encounter with whale sharks, drawing parallels between nature and the influencer industry, and suggests a Netflix series that explores these dynamics.

Michael Porter, a Harvard Business School professor and expert in competitive strategy, teams up with Catherine Gale, former CEO of Gale Foods and political reform advocate. Together, they delve into the concept of the political duopoly in the U.S., likening it to corporations that stifle competition. They discuss the entrenched two-party system's effects on voter representation and the influence of special interest groups. Proposed reforms include nonpartisan primaries and ranked choice voting to enhance democracy. Their insights reveal a complex interplay between politics and industry.

Katherine Gehl, a former CEO and the founder of the Institute for Political Innovation, and Michael Porter, a professor at Harvard Business School, apply his Five Forces framework to explain why U.S. politics are dysfunctional. They argue that the Republican and Democratic parties make up an industry duopoly with high barriers to entry and low consumer power, and that the resulting lack of competition incentivizes these two dominant players to avoid compromises with majority support. Gehl and Porter provide specific innovations on how to enhance competition and better serve the public, including nonpartisan primary elections and ranked-choice voting. Gehl and Porter are coauthors of the new book “The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democracy” and the HBR article “Fixing U.S. Politics."