Innovation is the central issue in economic prosperity.
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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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Technology has given us this wonderful opportunity to have low energy costs. We have to seize that, rather than keep debating and discussing and fighting over it.
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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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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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A strategy delineates a territory in which a company seeks to be unique.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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You can’t be all things to all people.
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Strategic thinking rarely occurs spontaneously.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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The essence of strategy is choosing what not to 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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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.
MICHAEL PORTER