You can’t be all things to all people.
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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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Without a goal analytics is aimless and worthless.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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Strategic thinking rarely occurs spontaneously.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Sound strategy starts with having the right goal
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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A target should go with every goal. A target is the value that defines success.
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