Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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Innovation is the central issue in economic prosperity.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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 choice. Strategy means saying no to certain kinds of things.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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A target should go with every goal. A target is the value that defines success.
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Operational effectiveness and strategy are both essential to superior performance.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Efforts to preserve all industries will lower the national standard of living.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Strategic thinking rarely occurs spontaneously.
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The chief strategist of an organization has to be the leader – the CEO.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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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 essence of strategy is that you must set limits on what you’re trying to accomplish.
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Sound strategy starts with having the right goal
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
MICHAEL PORTER