The ability to change constantly and effectively is made easier by high-level continuity.
MICHAEL PORTERThe underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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Sound strategy starts with having the right goal
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A target should go with every goal. A target is the value that defines success.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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 a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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A strategy delineates a territory in which a company seeks to be unique.
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Companies operating in urban communities have a tremendous ripple effect.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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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