Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTERIf a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
More Michael Porter Quotes
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You can’t be all things to all people.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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Innovation is the central issue in economic prosperity.
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The essence of strategy is choosing what not to do.
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A target should go with every goal. A target is the value that defines success.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Strategic thinking rarely occurs spontaneously.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
MICHAEL PORTER