Innovation is the central issue in economic prosperity.
MICHAEL PORTERStrategy is choice. Strategy means saying no to certain kinds of things.
More Michael Porter Quotes
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The essence of strategy is choosing what not to do.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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The company without a strategy is willing to try anything.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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.
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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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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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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 that you must set limits on what you’re trying to accomplish.
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Without a goal analytics is aimless and worthless.
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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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Sound strategy starts with having the right goal
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A target should go with every goal. A target is the value that defines success.
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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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