Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTERA target should go with every goal. A target is the value that defines success.
More Michael Porter Quotes
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A strategy delineates a territory in which a company seeks to be unique.
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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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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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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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The chief strategist of an organization has to be the leader – the CEO.
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You can’t be all things to all people.
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The ability to change constantly and effectively is made easier by high-level continuity.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Efforts to preserve all industries will lower the national standard of living.
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Operational effectiveness and strategy are both essential to superior performance.
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Companies operating in urban communities have a tremendous ripple effect.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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The company without a strategy is willing to try anything.
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