Finally, strategy must have continuity. It can’t be constantly reinvented.
MICHAEL PORTERYou can’t be all things to all people.
More Michael Porter Quotes
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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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A target should go with every goal. A target is the value that defines success.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Companies operating in urban communities have a tremendous ripple effect.
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You can’t be all things to all people.
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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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Efforts to preserve all industries will lower the national standard of living.
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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 essence of strategy is choosing what not to do.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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Without a goal analytics is aimless and worthless.
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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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The company without a strategy is willing to try anything.
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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 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 ability to change constantly and effectively is made easier by high-level continuity.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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Strategic thinking rarely occurs spontaneously.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
MICHAEL PORTER