There’s a fundamental distinction between strategy and operational effectiveness.
MICHAEL PORTERStrategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
More Michael Porter Quotes
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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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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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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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Operational effectiveness and strategy are both essential to superior performance.
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Change brings opportunities. On the other hand, change can be confusing.
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Innovation is the central issue in economic prosperity.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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 company without a strategy is willing to try anything.
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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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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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You can’t be all things to all people.
MICHAEL PORTER