Strategic thinking rarely occurs spontaneously.
MICHAEL PORTERSound strategy starts with having the right goal
More Michael Porter Quotes
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A target should go with every goal. A target is the value that defines success.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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 essence of strategy is choosing what not to do.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Operational effectiveness and strategy are both essential to superior performance.
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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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Efforts to preserve all industries will lower the national standard of living.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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The chief strategist of an organization has to be the leader – the CEO.
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Without a goal analytics is aimless and worthless.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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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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You can’t be all things to all people.
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The company without a strategy is willing to try anything.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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Sound strategy starts with having the right goal
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Companies operating in urban communities have a tremendous ripple effect.
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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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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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