Listen here to a stunning, articulate, passionate call to reassess how business innovates and delivers value from Michael Porter, regarded as one of the key influencers of modern business thinking around competition and company strategy over the last 30 years.

As the BBC puts it: Capitalism is the way much business works in many parts of the world. But it is under siege. Too many companies have lost side of the most basic question: “Is our product good for our customers? Business and society have been pitted against each other for far too long. Companies are trapped in an outdated approach to creating value.” The words of an internationally known business thinker, Professor Michael Porter from Harvard Business School. Peter Day takes a close look at his big idea, which may herald the new way forward for capitalism.