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.
MICHAEL PORTEREfforts to preserve all industries will lower the national standard of living.
More Michael Porter Quotes
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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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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Without a goal analytics is aimless and worthless.
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You can’t be all things to all people.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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 ability to change constantly and effectively is made easier by high-level continuity.
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Sound strategy starts with having the right goal
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Change brings opportunities. On the other hand, change can be confusing.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Innovation is the central issue in economic prosperity.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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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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A strategy delineates a territory in which a company seeks to be unique.
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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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