The essence of strategy is choosing what not to do.
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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategic thinking rarely occurs spontaneously.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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The chief strategist of an organization has to be the leader – the CEO.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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You can’t be all things to all people.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it’s the best perch… because most of my work crosses boundaries.
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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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Efforts to preserve all industries will lower the national standard of living.
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