The best CEOs I know are teachers, and at the core of what they teach is strategy.
MICHAEL PORTERThere’s a fundamental distinction between strategy and operational effectiveness.
More Michael Porter Quotes
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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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Operational effectiveness and strategy are both essential to superior performance.
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Sound strategy starts with having the right goal
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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The ability to change constantly and effectively is made easier by high-level continuity.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Without a goal analytics is aimless and worthless.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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You can’t be all things to all people.
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