There’s a fundamental distinction between strategy and operational effectiveness.
MICHAEL PORTERThe U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
More Michael Porter Quotes
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Sound strategy starts with having the right goal
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I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it’s the best perch… because most of my work crosses boundaries.
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The company without a strategy is willing to try anything.
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A strategy delineates a territory in which a company seeks to be unique.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Without a goal analytics is aimless and worthless.
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Strategic thinking rarely occurs spontaneously.
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Companies operating in urban communities have a tremendous ripple effect.
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Innovation is the central issue in economic prosperity.
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