Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
MICHAEL PORTERWithout a goal analytics is aimless and worthless.
More Michael Porter Quotes
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The ability to change constantly and effectively is made easier by high-level continuity.
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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 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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Companies operating in urban communities have a tremendous ripple effect.
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Strategic thinking rarely occurs spontaneously.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Change brings opportunities. On the other hand, change can be confusing.
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The chief strategist of an organization has to be the leader – the CEO.
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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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Innovation is the central issue in economic prosperity.
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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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You can’t be all things to all people.
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Operational effectiveness and strategy are both essential to superior performance.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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The company without a strategy is willing to try anything.
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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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Efforts to preserve all industries will lower the national standard of living.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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A target should go with every goal. A target is the value that defines success.
MICHAEL PORTER