The underlying principles of strategy are enduring, regardless of technology or the pace of change.
MICHAEL PORTERI 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.
More Michael Porter Quotes
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The chief strategist of an organization has to be the leader – the CEO.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Innovation is the central issue in economic prosperity.
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A target should go with every goal. A target is the value that defines success.
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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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Strategic thinking rarely occurs spontaneously.
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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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Health care historically has been a very siloed field that’s organized around medical specialties – urology, cardiac surgery, and so forth – and around the supply of these specialty services. The patient is the ping-pong ball that moves from service to service.
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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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Efforts to preserve all industries will lower the national standard of living.
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Sound strategy starts with having the right goal
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Change brings opportunities. On the other hand, change can be confusing.
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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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