The company without a strategy is willing to try anything.
MICHAEL PORTERChange brings opportunities. On the other hand, change can be confusing.
More Michael Porter Quotes
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A target should go with every goal. A target is the value that defines success.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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.
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The chief strategist of an organization has to be the leader – the CEO.
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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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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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Sound strategy starts with having the right goal
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Innovation is the central issue in economic prosperity.
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Without a goal analytics is aimless and worthless.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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Operational effectiveness and strategy are both essential to superior performance.
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Change brings opportunities. On the other hand, change can be confusing.
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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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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Efforts to preserve all industries will lower the national standard of living.
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Strategic thinking rarely occurs spontaneously.
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You can’t be all things to all people.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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