Strategic thinking rarely occurs spontaneously.
MICHAEL PORTERThe best CEOs I know are teachers, and at the core of what they teach is strategy.
More Michael Porter Quotes
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Change brings opportunities. On the other hand, change can be confusing.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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The 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.
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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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Efforts to preserve all industries will lower the national standard of living.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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Innovation is the central issue in economic prosperity.
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