In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTERThe chief strategist of an organization has to be the leader – the CEO.
More Michael Porter Quotes
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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 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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Without a goal analytics is aimless and worthless.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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 essence of strategy is choosing what not to do.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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Efforts to preserve all industries will lower the national standard of living.
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The chief strategist of an organization has to be the leader – the CEO.
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Change brings opportunities. On the other hand, change can be confusing.
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A target should go with every goal. A target is the value that defines success.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Operational effectiveness and strategy are both essential to superior performance.
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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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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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 about making choices, trade-offs; it’s about deliberately choosing to be different.
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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.
MICHAEL PORTER