A target should go with every goal. A target is the value that defines success.
MICHAEL PORTERFinally, strategy must have continuity. It can’t be constantly reinvented.
More Michael Porter Quotes
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Without a goal analytics is aimless and worthless.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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You can’t be all things to all people.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
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The 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.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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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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If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
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Sound strategy starts with having the right goal
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The essence of strategy is choosing what not to do.
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