Read an interview article with Michael E. Porter in the Financial Times. Prof Porter said that his theory of five competitive forces - supplier, buyer, new entrants, substitute, and internal rivalry - matter more in this fast-pacing, open, and globalized world. An impressive saying was 'Globalization brought to larger market for top talents. It opened new market for those who are highly skilled or educated. On the other hand, for the mid-to-low people, the situation got worse.' I'm one of those normal mid-to-low people, but I can't disagree with his argument.
Collection of Michael Porter's idea: http://www.isc.hbs.edu/index.html
