Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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Operational effectiveness and strategy are both essential to superior performance.
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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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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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 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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Sound strategy starts with having the right goal
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A strategy delineates a territory in which a company seeks to be unique.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Technology has given us this wonderful opportunity to have low energy costs. We have to seize that, rather than keep debating and discussing and fighting over it.
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Change brings opportunities. On the other hand, change can be confusing.
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Strategic thinking rarely occurs spontaneously.
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