If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTEROperational effectiveness and strategy are both essential to superior performance.
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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In the vast majority of businesses, there is simply no such thing as “the best.”
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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Sound strategy starts with having the right goal
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Strategic thinking rarely occurs spontaneously.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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 company without a strategy is willing to try anything.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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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.
MICHAEL PORTER






