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.
MICHAEL PORTERThe 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.
MICHAEL PORTERA target should go with every goal. A target is the value that defines success.
MICHAEL PORTERIf all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.
MICHAEL PORTERIf a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTEREfforts to preserve all industries will lower the national standard of living.
MICHAEL PORTERYou can’t be all things to all people.
MICHAEL PORTERInnovation is the central issue in economic prosperity.
MICHAEL PORTERChange brings opportunities. On the other hand, change can be confusing.
MICHAEL PORTERHealth 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.
MICHAEL PORTERCompanies operating in urban communities have a tremendous ripple effect.
MICHAEL PORTERRisk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTERUltimately, health care fails the most basic test. It’s not organized around the needs of the patient.
MICHAEL PORTERBillions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTERStrategy 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.
MICHAEL PORTERIn the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTERI 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