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 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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There’s a fundamental distinction between strategy and operational effectiveness.
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Sound strategy starts with having the right goal
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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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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 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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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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A strategy delineates a territory in which a company seeks to be unique.
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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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The ability to change constantly and effectively is made easier by high-level continuity.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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The company without a strategy is willing to try anything.
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The essence of strategy is choosing what not to do.
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