The chief strategist of an organization has to be the leader – the CEO.
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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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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A strategy delineates a territory in which a company seeks to be unique.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Efforts to preserve all industries will lower the national standard of living.
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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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The company without a strategy is willing to try anything.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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