Innovation is the central issue in economic prosperity.
MICHAEL PORTERSound strategy starts with having the right goal
More Michael Porter Quotes
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Without a goal analytics is aimless and worthless.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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You can’t be all things to all people.
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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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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 ability to change constantly and effectively is made easier by high-level continuity.
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A target should go with every goal. A target is the value that defines success.
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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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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTER