If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTERCompetitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
More Michael Porter Quotes
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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You can’t be all things to all people.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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The chief strategist of an organization has to be the leader – the CEO.
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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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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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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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A target should go with every goal. A target is the value that defines success.
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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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A strategy delineates a territory in which a company seeks to be unique.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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