Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
MICHAEL PORTERWithout a goal analytics is aimless and worthless.
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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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 essence of strategy is choosing what not to do.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Operational effectiveness and strategy are both essential to superior performance.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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The company without a strategy is willing to try anything.
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Companies operating in urban communities have a tremendous ripple effect.
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The chief strategist of an organization has to be the leader – the CEO.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Sound strategy starts with having the right goal
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Efforts to preserve all industries will lower the national standard of living.
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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 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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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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Change brings opportunities. On the other hand, change can be confusing.
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Innovation is the central issue in economic prosperity.
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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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You can’t be all things to all people.
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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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Without a goal analytics is aimless and worthless.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategic thinking rarely occurs spontaneously.
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