Finally, strategy must have continuity. It can’t be constantly reinvented.
MICHAEL PORTEROperational effectiveness and strategy are both essential to superior performance.
More Michael Porter Quotes
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Efforts to preserve all industries will lower the national standard of living.
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The ability to change constantly and effectively is made easier by high-level continuity.
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A target should go with every goal. A target is the value that defines success.
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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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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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You can’t be all things to all people.
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There’s a fundamental distinction between strategy and operational effectiveness.
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A strategy delineates a territory in which a company seeks to be unique.
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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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Change brings opportunities. On the other hand, change can be confusing.
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The chief strategist of an organization has to be the leader – the CEO.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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 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 PORTER