In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTERCompanies operating in urban communities have a tremendous ripple effect.
More Michael Porter Quotes
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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The chief strategist of an organization has to be the leader – the CEO.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Efforts to preserve all industries will lower the national standard of living.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Change brings opportunities. On the other hand, change can be confusing.
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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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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Without a goal analytics is aimless and worthless.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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The ability to change constantly and effectively is made easier by high-level continuity.
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