Sound strategy starts with having the right goal
MICHAEL PORTERThe thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they’re mutually reinforcing.
More Michael Porter Quotes
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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 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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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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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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There’s a fundamental distinction between strategy and operational effectiveness.
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The essence of strategy is choosing what not to do.
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The company without a strategy is willing to try anything.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Innovation is the central issue in economic prosperity.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Operational effectiveness and strategy are both essential to superior performance.
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