The essence of strategy is that you must set limits on what you’re trying to accomplish.
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 chief strategist of an organization has to be the leader – the CEO.
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Strategic thinking rarely occurs spontaneously.
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A strategy delineates a territory in which a company seeks to be unique.
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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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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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Sound strategy starts with having the right goal
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Operational effectiveness and strategy are both essential to superior performance.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Without a goal analytics is aimless and worthless.
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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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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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Change brings opportunities. On the other hand, change can be confusing.
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