The essence of strategy is choosing what not to do.
MICHAEL PORTERFinally, strategy must have continuity. It can’t be constantly reinvented.
More Michael Porter Quotes
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Innovation is the central issue in economic prosperity.
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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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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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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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 chief strategist of an organization has to be the leader – the CEO.
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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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A target should go with every goal. A target is the value that defines success.
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Operational effectiveness and strategy are both essential to superior performance.
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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 U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Companies operating in urban communities have a tremendous ripple effect.
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