You can’t be all things to all people.
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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Sound strategy starts with having the right goal
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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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The company without a strategy is willing to try anything.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Innovation is the central issue in economic prosperity.
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Without a goal analytics is aimless and worthless.
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Efforts to preserve all industries will lower the national standard of living.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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The ability to change constantly and effectively is made easier by high-level continuity.
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