Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTEROperational effectiveness and strategy are both essential to superior performance.
More Michael Porter Quotes
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You can’t be all things to all people.
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A strategy delineates a territory in which a company seeks to be unique.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Sound strategy starts with having the right goal
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The company without a strategy is willing to try anything.
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A target should go with every goal. A target is the value that defines success.
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The chief strategist of an organization has to be the leader – the CEO.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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Efforts to preserve all industries will lower the national standard of living.
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There’s a fundamental distinction between strategy and operational effectiveness.
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The essence of strategy is that you must set limits on what you’re trying to accomplish.
MICHAEL PORTER