The essence of strategy is choosing what not to do.
MICHAEL PORTERThe essence of strategy is that you must set limits on what you’re trying to accomplish.
More Michael Porter Quotes
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The chief strategist of an organization has to be the leader – the CEO.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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Operational effectiveness and strategy are both essential to superior performance.
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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 company without a strategy is willing to try anything.
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A strategy delineates a territory in which a company seeks to be unique.
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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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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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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 underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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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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Sound strategy starts with having the right goal
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A target should go with every goal. A target is the value that defines success.
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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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Efforts to preserve all industries will lower the national standard of living.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Innovation is the central issue in economic prosperity.
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Without a goal analytics is aimless and worthless.
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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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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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Companies operating in urban communities have a tremendous ripple effect.
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Change brings opportunities. On the other hand, change can be confusing.
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