Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTERChange brings opportunities. On the other hand, change can be confusing.
More Michael Porter Quotes
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There’s a fundamental distinction between strategy and operational effectiveness.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Innovation is the central issue in economic prosperity.
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Strategic thinking rarely occurs spontaneously.
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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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A strategy delineates a territory in which a company seeks to be unique.
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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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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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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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Change brings opportunities. On the other hand, change can be confusing.
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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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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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