In the vast majority of businesses, there is simply no such thing as “the best.”
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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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You can’t be all things to all people.
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The chief strategist of an organization has to be the leader – the CEO.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Strategic thinking rarely occurs spontaneously.
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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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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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Sound strategy starts with having the right goal
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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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A target should go with every goal. A target is the value that defines success.
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Companies operating in urban communities have a tremendous ripple effect.
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