Strategic thinking rarely occurs spontaneously.
MICHAEL PORTERYou can’t be all things to all people.
More Michael Porter Quotes
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The ability to change constantly and effectively is made easier by high-level continuity.
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Change brings opportunities. On the other hand, change can be confusing.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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 U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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You can’t be all things to all people.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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A strategy delineates a territory in which a company seeks to be unique.
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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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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 essence of strategy is choosing what not to do.
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