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.
MICHAEL PORTERStrategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
More Michael Porter Quotes
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You can’t be all things to all people.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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The essence of strategy is choosing what not to do.
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The ability to change constantly and effectively is made easier by high-level continuity.
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Innovation is the central issue in economic prosperity.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Without a goal analytics is aimless and worthless.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Companies operating in urban communities have a tremendous ripple effect.
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Operational effectiveness and strategy are both essential to superior performance.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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A strategy delineates a territory in which a company seeks to be unique.
MICHAEL PORTER