The Michael Porter Prize was established in 2014 in collaboration with Professor Michael E. Porter to evaluate and recognize organizations that demonstrate sustainable competitiveness and the creation of social value. Professor Michael E. Porter is a renowned scholar at Harvard Business School and a global authority in the fields of business strategy and competitiveness. He has introduced influential concepts such as Competitive Advantage, the Five Forces Model for industry analysis, and Creating Shared Value (CSV). His work has significantly shaped how companies develop strategies that are both profitable and sustainable.
In particular, through the concepts of ESG and CSV, Professor Porter emphasized that businesses can achieve long-term competitiveness while simultaneously generating social value. Based on this academic foundation, the Michael Porter Prize honors companies and institutions that exemplify excellence in aligning strategic competitiveness with societal impact.

According to Professor Michael E. Porter’s theory of competitiveness, a truly competitive and sustainable company is one that creates both economic and social value simultaneously. In line with this principle, the Michael Porter Prize is awarded to companies and institutions that demonstrate sustainable competitiveness through leading practices in CSV and ESG.

Through this recognition, the Michael Porter Prize aims to contribute to the sustainable growth of the global economy and the resolution of pressing social challenges.