Innovation is the central issue in economic prosperity.
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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The chief strategist of an organization has to be the leader – the CEO.
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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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Strategic thinking rarely occurs spontaneously.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Without a goal analytics is aimless and worthless.
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Change brings opportunities. On the other hand, change can be confusing.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Operational effectiveness and strategy are both essential to superior performance.
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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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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 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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Efforts to preserve all industries will lower the national standard of living.
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The essence of strategy is choosing what not to do.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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You can’t be all things to all people.
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Sound strategy starts with having the right goal
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
MICHAEL PORTER