The underlying principles of strategy are enduring, regardless of technology or the pace of change.
MICHAEL PORTERStrategic thinking rarely occurs spontaneously.
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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The ability to change constantly and effectively is made easier by high-level continuity.
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Change brings opportunities. On the other hand, change can be confusing.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Operational effectiveness and strategy are both essential to superior performance.
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The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they’re mutually reinforcing.
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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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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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You can’t be all things to all people.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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Companies operating in urban communities have a tremendous ripple effect.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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