Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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The essence of strategy is choosing what not to 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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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Without a goal analytics is aimless and worthless.
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A target should go with every goal. A target is the value that defines success.
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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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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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You can’t be all things to all people.
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Change brings opportunities. On the other hand, change can be confusing.
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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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Strategic thinking rarely occurs spontaneously.
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Operational effectiveness and strategy are both essential to superior performance.
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Efforts to preserve all industries will lower the national standard of living.
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