Strategic thinking rarely occurs spontaneously.
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 U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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The chief strategist of an organization has to be the leader – the CEO.
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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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A target should go with every goal. A target is the value that defines success.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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Companies operating in urban communities have a tremendous ripple effect.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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A strategy delineates a territory in which a company seeks to be unique.
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Change brings opportunities. On the other hand, change can be confusing.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Operational effectiveness and strategy are both essential to superior performance.
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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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Innovation is the central issue in economic prosperity.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
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Efforts to preserve all industries will lower the national standard of living.
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Sound strategy starts with having the right goal
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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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If all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.
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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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