The company without a strategy is willing to try anything.
MICHAEL PORTERThe ability to change constantly and effectively is made easier by high-level continuity.
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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Change brings opportunities. On the other hand, change can be confusing.
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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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Innovation is the central issue in economic prosperity.
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Sound strategy starts with having the right goal
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A strategy delineates a territory in which a company seeks to be unique.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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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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I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it’s the best perch… because most of my work crosses boundaries.
MICHAEL PORTER