You can’t be all things to all people.
MICHAEL PORTERThe underlying principles of strategy are enduring, regardless of technology or the pace of change.
More Michael Porter Quotes
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The essence of strategy is choosing what not to do.
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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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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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Innovation is the central issue in economic prosperity.
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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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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Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
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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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Without a goal analytics is aimless and worthless.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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The company without a strategy is willing to try anything.
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