The company without a strategy is willing to try anything.
MICHAEL PORTERFinally, strategy must have continuity. It can’t be constantly reinvented.
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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There’s a fundamental distinction between strategy and operational effectiveness.
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Change brings opportunities. On the other hand, change can be confusing.
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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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A target should go with every goal. A target is the value that defines 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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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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