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.
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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Efforts to preserve all industries will lower the national standard of living.
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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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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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A strategy delineates a territory in which a company seeks to be unique.
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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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There’s a fundamental distinction between strategy and operational effectiveness.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Without a goal analytics is aimless and worthless.
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Change brings opportunities. On the other hand, change can be confusing.
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Companies operating in urban communities have a tremendous ripple effect.
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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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