Efforts to preserve all industries will lower the national standard of living.
MICHAEL PORTERThe company without a strategy is willing to try anything.
More Michael Porter Quotes
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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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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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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 chief strategist of an organization has to be the leader – the CEO.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Sound strategy starts with having the right goal
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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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Companies operating in urban communities have a tremendous ripple effect.
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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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The essence of strategy is choosing what not to do.
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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 essence of strategy is that you must set limits on what you’re trying to accomplish.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Strategic thinking rarely occurs spontaneously.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
MICHAEL PORTER