Change brings opportunities. On the other hand, change can be confusing.
MICHAEL PORTERStrategy is choice. Strategy means saying no to certain kinds of things.
More Michael Porter Quotes
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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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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Innovation is the central issue in economic prosperity.
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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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You can’t be all things to all people.
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Efforts to preserve all industries will lower the national standard of living.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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The essence of strategy is choosing what not to do.
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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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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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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.
MICHAEL PORTER