Change brings opportunities. On the other hand, change can be confusing.
MICHAEL PORTERThe essence of strategy is choosing what not to do.
More Michael Porter Quotes
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Companies operating in urban communities have a tremendous ripple effect.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategic thinking rarely occurs spontaneously.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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 chief strategist of an organization has to be the leader – the CEO.
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A strategy delineates a territory in which a company seeks to be unique.
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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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Innovation is the central issue in economic prosperity.
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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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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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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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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 company without a strategy is willing to try anything.
MICHAEL PORTER