There’s a fundamental distinction between strategy and operational effectiveness.
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 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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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 company without a strategy is willing to try anything.
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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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The chief strategist of an organization has to be the leader – the CEO.
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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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A strategy delineates a territory in which a company seeks to be unique.
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Operational effectiveness and strategy are both essential to superior performance.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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You can’t be all things to all people.
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A target should go with every goal. A target is the value that defines success.
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In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTER