Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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The essence of strategy is choosing what not to do.
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Efforts to preserve all industries will lower the national standard of living.
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Innovation is the central issue in economic prosperity.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Change brings opportunities. On the other hand, change can be confusing.
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You can’t be all things to all people.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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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A target should go with every goal. A target is the value that defines success.
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A strategy delineates a territory in which a company seeks to be unique.
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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.
MICHAEL PORTER