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.
MICHAEL PORTERSound strategy starts with having the right goal
More Michael Porter Quotes
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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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The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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Efforts to preserve all industries will lower the national standard of living.
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Change brings opportunities. On the other hand, change can be confusing.
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The essence of strategy is choosing what not to do.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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Sound strategy starts with having the right goal
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Companies operating in urban communities have a tremendous ripple effect.
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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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
MICHAEL PORTER