If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTERIf 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.
More Michael Porter Quotes
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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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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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Efforts to preserve all industries will lower the national standard of living.
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Without a goal analytics is aimless and worthless.
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The chief strategist of an organization has to be the leader – the CEO.
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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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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.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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 choice. Strategy means saying no to certain kinds of things.
MICHAEL PORTER