The company without a strategy is willing to try anything.
MICHAEL PORTERA target should go with every goal. A target is the value that defines success.
More Michael Porter Quotes
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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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A strategy delineates a territory in which a company seeks to be unique.
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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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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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Sound strategy starts with having the right goal
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Operational effectiveness and strategy are both essential to superior performance.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Without a goal analytics is aimless and worthless.
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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 ability to change constantly and effectively is made easier by high-level continuity.
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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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The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they’re mutually reinforcing.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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The essence of strategy is choosing what not to do.
MICHAEL PORTER