Efforts to preserve all industries will lower the national standard of living.
MICHAEL PORTERI 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.
More Michael Porter Quotes
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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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Innovation is the central issue in economic prosperity.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Strategic thinking rarely occurs spontaneously.
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If your goal is anything but profitability – if it’s to be big, or to grow fast, or to become a technology leader – you’ll hit problems.
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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 chief strategist of an organization has to be the leader – the CEO.
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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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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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Change brings opportunities. On the other hand, change can be confusing.
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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.
MICHAEL PORTER