Strategy is choice. Strategy means saying no to certain kinds of things.
MICHAEL PORTERYou can’t be all things to all people.
More Michael Porter Quotes
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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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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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Strategic thinking rarely occurs spontaneously.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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 that you must set limits on what you’re trying to accomplish.
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You can’t be all things to all people.
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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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The chief strategist of an organization has to be the leader – the CEO.
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Change brings opportunities. On the other hand, change can be confusing.
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A strategy delineates a territory in which a company seeks to be unique.
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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.
MICHAEL PORTER