Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTERThere’s a fundamental distinction between strategy and operational effectiveness.
More Michael Porter Quotes
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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Without a goal analytics is aimless and worthless.
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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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The chief strategist of an organization has to be the leader – the CEO.
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The essence of strategy is choosing what not to do.
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Operational effectiveness and strategy are both essential to superior performance.
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Strategic thinking rarely occurs spontaneously.
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Innovation is the central issue in economic prosperity.
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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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Efforts to preserve all industries will lower the national standard of living.
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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 ability to change constantly and effectively is made easier by high-level continuity.
MICHAEL PORTER