The ability to change constantly and effectively is made easier by high-level continuity.
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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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 company without a strategy is willing to try anything.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Sound strategy starts with having the right goal
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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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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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Without a goal analytics is aimless and worthless.
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Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Change brings opportunities. On the other hand, change can be confusing.
MICHAEL PORTER