Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTERA target should go with every goal. A target is the value that defines success.
More Michael Porter Quotes
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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Sound strategy starts with having the right goal
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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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Operational effectiveness and strategy are both essential to superior performance.
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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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Efforts to preserve all industries will lower the national standard of living.
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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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Companies operating in urban communities have a tremendous ripple effect.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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.
MICHAEL PORTER