Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTERStrategy 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.
More Michael Porter Quotes
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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You can’t be all things to all people.
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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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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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A target should go with every goal. A target is the value that defines success.
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Change brings opportunities. On the other hand, change can be confusing.
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The company without a strategy is willing to try anything.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Without a goal analytics is aimless and worthless.
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The chief strategist of an organization has to be the leader – the CEO.
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