The underlying principles of strategy are enduring, regardless of technology or the pace of change.
MICHAEL PORTERThe chief strategist of an organization has to be the leader – the CEO.
More Michael Porter Quotes
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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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Change brings opportunities. On the other hand, change can be confusing.
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The ability to change constantly and effectively is made easier by high-level continuity.
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The essence of strategy is choosing what not to do.
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The company without a strategy is willing to try anything.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
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Sound strategy starts with having the right goal
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If your goal is anything but profitability – if it’s to be big, or to grow fast, or to become a technology leader – you’ll hit problems.
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Health care historically has been a very siloed field that’s organized around medical specialties – urology, cardiac surgery, and so forth – and around the supply of these specialty services. The patient is the ping-pong ball that moves from service to service.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Technology has given us this wonderful opportunity to have low energy costs. We have to seize that, rather than keep debating and discussing and fighting over it.
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