“The economic distress of America's inner cities may be the most pressing issue facing the nation. The lack of businesses and jobs in disadvantaged urban areas fuels not only a crushing cycle of poverty but also crippling social problems such as drug abuse and crime… A sustainable economic base can be created in the inner city, but only as it has been created elsewhere: through private, for-profit initiatives and investment based on economic self-interest and genuine competitive advantage.”
Quote by Michael Porter
Author
Michael Porter
Michael Porter is a renowned strategist, born on May 23, 1947. He is a professor at Harvard Business School, known for his contributions to competitive strategy and industrial analysis. more
You May Also Like
“We must think of innovation as doing a lot more for a lot less (money) for a lot more (people).”
Source: The Opposable Mind: Winning Through Integrative Thinking
Source: The Startup Owner's Manual: The Step-by-Step Guide for Building a Great Company