Strategy is choice. Strategy means saying no to certain kinds of things.
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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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Efforts to preserve all industries will lower the national standard of living.
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The essence of strategy is choosing what not to do.
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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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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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There’s a fundamental distinction between strategy and operational effectiveness.
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You can’t be all things to all people.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Sound strategy starts with having the right goal
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Companies operating in urban communities have a tremendous ripple effect.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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In the vast majority of businesses, there is simply no such thing as “the best.”
MICHAEL PORTER