In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTER
Efforts to preserve all industries will lower the national standard of living.
More Michael Porter Quotes
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In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTER -
The essence of strategy is choosing what not to do.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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Strategic thinking rarely occurs spontaneously.
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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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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 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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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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The ability to change constantly and effectively is made easier by high-level continuity.
MICHAEL PORTER