Efforts to preserve all industries will lower the national standard of living.
MICHAEL PORTERThe 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.
More Michael Porter Quotes
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You can’t be all things to all people.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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Operational effectiveness and strategy are both essential to superior performance.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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The chief strategist of an organization has to be the leader – the CEO.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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 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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There’s a fundamental distinction between strategy and operational effectiveness.
MICHAEL PORTER