Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTERIf 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.
More Michael Porter Quotes
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Without a goal analytics is aimless and worthless.
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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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You can’t be all things to all people.
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Sound strategy starts with having the right goal
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Efforts to preserve all industries will lower the national standard of living.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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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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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Operational effectiveness and strategy are both essential to superior performance.
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The company without a strategy is willing to try anything.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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A strategy delineates a territory in which a company seeks to be unique.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTER