Innovation is the central issue in economic prosperity.
MICHAEL PORTERThe ability to change constantly and effectively is made easier by high-level continuity.
More Michael Porter Quotes
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Efforts to preserve all industries will lower the national standard of living.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Strategic thinking rarely occurs spontaneously.
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Without a goal analytics is aimless and worthless.
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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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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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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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Change brings opportunities. On the other hand, change can be confusing.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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.
MICHAEL PORTER