Companies operating in urban communities have a tremendous ripple effect.
MICHAEL PORTERA strategy delineates a territory in which a company seeks to be unique.
More Michael Porter Quotes
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The essence of strategy is choosing what not to do.
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Strategic thinking rarely occurs spontaneously.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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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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A target should go with every goal. A target is the value that defines success.
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Innovation is the central issue in economic prosperity.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Sound strategy starts with having the right goal
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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