Interesting to read that a ‘guru’ of consulting has had his own company fold.  Forbes has a good (but long) article on what caused this multi-million dollars in revenue company to implode.  I find it funny that when I was doing my MBA in the 90’s Porter was a GOD of strategy.  We had to study his book (I actually own two) to understand the five forces and how they interact in the business world.  I never found the applicability of his work in my own consulting career, but held him in high regard nonetheless.  Now he joins the ranks of others in the industry who didn’t adapt to change and didn’t have a solid business model to help them weather the financial crisis that hit the world.