Sound strategy starts with having the right goal
MICHAEL PORTERThe U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
More Michael Porter Quotes
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There’s a fundamental distinction between strategy and operational effectiveness.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Efforts to preserve all industries will lower the national standard of living.
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Strategic thinking rarely occurs spontaneously.
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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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Change brings opportunities. On the other hand, change can be confusing.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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A target should go with every goal. A target is the value that defines success.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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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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