If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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You can’t be all things to all people.
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Companies operating in urban communities have a tremendous ripple effect.
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A target should go with every goal. A target is the value that defines success.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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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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Sound strategy starts with having the right goal
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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Efforts to preserve all industries will lower the national standard of living.
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A strategy delineates a territory in which a company seeks to be unique.
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The essence of strategy is choosing what not to do.
MICHAEL PORTER