Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTEROperational effectiveness and strategy are both essential to superior performance.
More Michael Porter Quotes
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The chief strategist of an organization has to be the leader – the CEO.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Without a goal analytics is aimless and worthless.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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A target should go with every goal. A target is the value that defines success.
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The ability to change constantly and effectively is made easier by high-level continuity.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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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Efforts to preserve all industries will lower the national standard of living.
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You can’t be all things to all people.
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Strategic thinking rarely occurs spontaneously.
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Strategy is about setting yourself apart from the competition. It’s not a matter of being better at what you do – it’s a matter of being different at what you do.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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If all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.
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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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A strategy delineates a territory in which a company seeks to be unique.
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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.
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The essence of strategy is choosing what not to do.
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Change brings opportunities. On the other hand, change can be confusing.
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Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
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The company without a strategy is willing to try anything.
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