If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTERThe underlying principles of strategy are enduring, regardless of technology or the pace of change.
More Michael Porter Quotes
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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The essence of strategy is choosing what not to do.
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Sound strategy starts with having the right goal
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There’s a fundamental distinction between strategy and operational effectiveness.
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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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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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You can’t be all things to all people.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Strategic thinking rarely occurs spontaneously.
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Operational effectiveness and strategy are both essential to superior performance.
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