The essence of strategy is that you must set limits on what you’re trying to accomplish.
MICHAEL PORTERThe essence of strategy is choosing what not to do.
More Michael Porter Quotes
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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The chief strategist of an organization has to be the leader – the CEO.
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Sound strategy starts with having the right goal
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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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Operational effectiveness and strategy are both essential to superior performance.
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The company without a strategy is willing to try anything.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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You can’t be all things to all people.
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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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The essence of strategy is choosing what not to do.
MICHAEL PORTER