The ability to change constantly and effectively is made easier by high-level continuity.
MICHAEL PORTERThe essence of strategy is that you must set limits on what you’re trying to accomplish.
More Michael Porter Quotes
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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A target should go with every goal. A target is the value that defines success.
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The company without a strategy is willing to try anything.
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Innovation is the central issue in economic prosperity.
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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 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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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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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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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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Operational effectiveness and strategy are both essential to superior performance.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
MICHAEL PORTER