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.
MICHAEL PORTERBillions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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Sound strategy starts with having the right goal
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Efforts to preserve all industries will lower the national standard of living.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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You can’t be all things to all people.
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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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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Strategic thinking rarely occurs spontaneously.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Companies operating in urban communities have a tremendous ripple effect.
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