Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTERThe best CEOs I know are teachers, and at the core of what they teach is strategy.
More Michael Porter Quotes
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The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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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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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 ability to change constantly and effectively is made easier by high-level continuity.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Efforts to preserve all industries will lower the national standard of living.
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Innovation is the central issue in economic prosperity.
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Change brings opportunities. On the other hand, change can be confusing.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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A strategy delineates a territory in which a company seeks to be unique.
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Sound strategy starts with having the right goal
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You can’t be all things to all people.
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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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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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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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The chief strategist of an organization has to be the leader – the CEO.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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A target should go with every goal. A target is the value that defines success.
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