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.
MICHAEL PORTERGood leaders need a positive agenda, not just an agenda of dealing with crisis.
More Michael Porter Quotes
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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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Sound strategy starts with having the right goal
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Strategic thinking rarely occurs spontaneously.
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Operational effectiveness and strategy are both essential to superior performance.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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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A target should go with every goal. A target is the value that defines success.
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