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.
MICHAEL PORTERTechnology 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.
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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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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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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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Companies operating in urban communities have a tremendous ripple effect.
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Efforts to preserve all industries will lower the national standard of living.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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 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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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 essence of strategy is choosing what not to do.
MICHAEL PORTER