Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
MICHAEL PORTERThe company without a strategy is willing to try anything.
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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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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Sound strategy starts with having the right goal
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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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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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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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Strategic thinking rarely occurs spontaneously.
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Innovation is the central issue in economic prosperity.
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Operational effectiveness and strategy are both essential to superior performance.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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The company without a strategy is willing to try anything.
MICHAEL PORTER