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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Innovation is the central issue in economic prosperity.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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A strategy delineates a territory in which a company seeks to be unique.
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Change brings opportunities. On the other hand, change can be confusing.
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The chief strategist of an organization has to be the leader – the CEO.
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The company without a strategy is willing to try anything.
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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 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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You can’t be all things to all people.
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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 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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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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Without a goal analytics is aimless and worthless.
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