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.
MICHAEL PORTERWithout a goal analytics is aimless and worthless.
More Michael Porter Quotes
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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The ability to change constantly and effectively is made easier by high-level continuity.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Efforts to preserve all industries will lower the national standard of living.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Change brings opportunities. On the other hand, change can be confusing.
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Companies operating in urban communities have a tremendous ripple effect.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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.
MICHAEL PORTER