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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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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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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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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The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they’re mutually reinforcing.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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The essence of strategy is choosing what not to do.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Change brings opportunities. On the other hand, change can be confusing.
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Strategic thinking rarely occurs spontaneously.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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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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Innovation is the central issue in economic prosperity.
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The company without a strategy is willing to try anything.
MICHAEL PORTER