You can’t be all things to all people.
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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Change brings opportunities. On the other hand, change can be confusing.
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Operational effectiveness and strategy are both essential to superior performance.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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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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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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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Without a goal analytics is aimless and worthless.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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The essence of strategy is choosing what not to do.
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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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A target should go with every goal. A target is the value that defines 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.
MICHAEL PORTER