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 PORTERHealth 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.
More Michael Porter Quotes
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A strategy delineates a territory in which a company seeks to be unique.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Operational effectiveness and strategy are both essential to superior performance.
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Without a goal analytics is aimless and worthless.
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You can’t be all things to all people.
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Innovation is the central issue in economic prosperity.
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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 essence of strategy is choosing what not to do.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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Change brings opportunities. On the other hand, change can be confusing.
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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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