Finally, strategy must have continuity. It can’t be constantly reinvented.
MICHAEL PORTERA strategy delineates a territory in which a company seeks to be unique.
More Michael Porter Quotes
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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 essence of strategy is choosing what not to do.
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Strategic thinking rarely occurs spontaneously.
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A strategy delineates a territory in which a company seeks to be unique.
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Companies operating in urban communities have a tremendous ripple effect.
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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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Operational effectiveness and strategy are both essential to superior performance.
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The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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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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Sound strategy starts with having the right goal
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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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Efforts to preserve all industries will lower the national standard of living.
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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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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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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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The chief strategist of an organization has to be the leader – the CEO.
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The ability to change constantly and effectively is made easier by high-level continuity.
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A target should go with every goal. A target is the value that defines 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 essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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