In business, market forces drive innovation through competition and accountability. But America’s political system has long prevented any meaningful competition because both parties cater to their bases, with no motivation or incentive to create a beneficial outcome for anyone who isn’t already their “customer.”
In this special two-part discussion, business leader Katherine Gehl and Harvard Business School professor Michael Porter apply the concept of Porter’s Five Forces, the classic framework that identifies and analyzes the five competitive forces that shape every industry, to America’s political system. Their analysis reveals that America’s two-party system undermines the robust competition and accountability necessary for democracy to thrive.
Later in the show, we talk with Lisa Lewin and Craig Robinson, of the Leadership Now Project, about the pledge they’ve created to encourage business leaders’ involvement in fighting racism.
Want to explore more of the world of FOMO Sapiens? Follow Patrick McGinnis: Facebook, LinkedIn, Instagram, Twitter. Download the free FOMO Sapiens Handbook and more at www.patrickmcginnis.com.
HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates.
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Free Market Politics Part 1: How America's Political System Became a Duopoly - Harvard Business Review
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