If a strategy meets a goal: It’s working. If a strategy meets a target: It’s a success.
MICHAEL PORTERFinally, strategy must have continuity. It can’t be constantly reinvented.
More Michael Porter Quotes
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Strategic thinking rarely occurs spontaneously.
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The chief strategist of an organization has to be the leader – the CEO.
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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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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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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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Companies operating in urban communities have a tremendous ripple effect.
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You can’t be all things to all people.
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Sound strategy starts with having the right goal
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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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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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 company without a strategy is willing to try anything.
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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
MICHAEL PORTER