Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTER
If 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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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Strategic thinking rarely occurs spontaneously.
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Companies operating in urban communities have a tremendous ripple effect.
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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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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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 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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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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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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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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Operational effectiveness and strategy are both essential to superior performance.
MICHAEL PORTER