You can’t be all things to all people.
MICHAEL PORTERIf all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.
More Michael Porter Quotes
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Efforts to preserve all industries will lower the national standard of living.
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Change brings opportunities. On the other hand, change can be confusing.
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Without a goal analytics is aimless and worthless.
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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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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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The chief strategist of an organization has to be the leader – the CEO.
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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 ability to change constantly and effectively is made easier by high-level continuity.
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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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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A strategy delineates a territory in which a company seeks to be unique.
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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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTER