Strategic thinking rarely occurs spontaneously.
MICHAEL PORTERGood leaders need a positive agenda, not just an agenda of dealing with crisis.
More Michael Porter Quotes
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A target should go with every goal. A target is the value that defines success.
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The essence of strategy is choosing what not to do.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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The chief strategist of an organization has to be the leader – the CEO.
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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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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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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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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