The company without a strategy is willing to try anything.
MICHAEL PORTERInnovation is the central issue in economic prosperity.
More Michael Porter Quotes
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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 chief strategist of an organization has to be the leader – the CEO.
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Change brings opportunities. On the other hand, change can be confusing.
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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 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 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 ability to change constantly and effectively is made easier by high-level continuity.
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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 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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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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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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 a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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Innovation is the central issue in economic prosperity.
MICHAEL PORTER