Good leaders need a positive agenda, not just an agenda of dealing with crisis.
MICHAEL PORTERThe underlying principles of strategy are enduring, regardless of technology or the pace of change.
More Michael Porter Quotes
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There’s a fundamental distinction between strategy and operational effectiveness.
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Without a goal analytics is aimless and worthless.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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The essence of strategy is choosing what not to do.
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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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Operational effectiveness and strategy are both essential to superior performance.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Efforts to preserve all industries will lower the national standard of living.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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 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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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The ability to change constantly and effectively is made easier by high-level continuity.
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You can’t be all things to all people.
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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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Sound strategy starts with having the right goal
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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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Change brings opportunities. On the other hand, change can be confusing.
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A strategy delineates a territory in which a company seeks to be unique.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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