The ability to change constantly and effectively is made easier by high-level continuity.
MICHAEL PORTEREfforts to preserve all industries will lower the national standard of living.
More Michael Porter Quotes
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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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 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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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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Innovation is the central issue in economic prosperity.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
MICHAEL PORTER