Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTERSound strategy starts with having the right goal
More Michael Porter Quotes
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The chief strategist of an organization has to be the leader – the CEO.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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You can’t be all things to all people.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Sound strategy starts with having the right goal
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A strategy delineates a territory in which a company seeks to be unique.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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