Good leaders need a positive agenda, not just an agenda of dealing with crisis.
MICHAEL PORTERIf all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.
More Michael Porter Quotes
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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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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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Strategic thinking rarely occurs spontaneously.
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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 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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Strategy is choice. Strategy means saying no to certain kinds of things.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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 essence of strategy is that you must set limits on what you’re trying to accomplish.
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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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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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Sound strategy starts with having the right goal
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There’s a fundamental distinction between strategy and operational effectiveness.
MICHAEL PORTER