Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
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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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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Efforts to preserve all industries will lower the national standard of living.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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There’s a fundamental distinction between strategy and operational effectiveness.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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The company without a strategy is willing to try anything.
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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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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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Without a goal analytics is aimless and worthless.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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A target should go with every goal. A target is the value that defines success.
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The chief strategist of an organization has to be the leader – the CEO.
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The essence of strategy is choosing what not to do.
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