Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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In the vast majority of businesses, there is simply no such thing as “the best.”
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Strategy is choice. Strategy means saying no to certain kinds of things.
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A strategy delineates a territory in which a company seeks to be unique.
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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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A target should go with every goal. A target is the value that defines success.
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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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Sound strategy starts with having the right goal
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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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Operational effectiveness and strategy are both essential to superior performance.
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The ability to change constantly and effectively is made easier by high-level continuity.
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The essence of strategy is choosing what not to do.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Strategic thinking rarely occurs spontaneously.
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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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