A strategy delineates a territory in which a company seeks to be unique.
MICHAEL PORTERThe ability to change constantly and effectively is made easier by high-level continuity.
More Michael Porter Quotes
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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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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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Change brings opportunities. On the other hand, change can be confusing.
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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.
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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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Operational effectiveness and strategy are both essential to superior performance.
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Without a goal analytics is aimless and worthless.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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A target should go with every goal. A target is the value that defines success.
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You can’t be all things to all people.
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Efforts to preserve all industries will lower the national standard of living.
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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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