In the vast majority of businesses, there is simply no such thing as “the best.”
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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Companies operating in urban communities have a tremendous ripple effect.
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The company without a strategy is willing to try anything.
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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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Strategic thinking rarely occurs spontaneously.
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A target should go with every goal. A target is the value that defines success.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Change brings opportunities. On the other hand, change can be confusing.
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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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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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The ability to change constantly and effectively is made easier by high-level continuity.
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Operational effectiveness and strategy are both essential to superior performance.
MICHAEL PORTER