The essence of strategy is choosing what not to do.
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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Change brings opportunities. On the other hand, change can be confusing.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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The company without a strategy is willing to try anything.
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Innovation is the central issue in economic prosperity.
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The ability to change constantly and effectively is made easier by high-level continuity.
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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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Companies operating in urban communities have a tremendous ripple effect.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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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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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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Finally, strategy must have continuity. It can’t be constantly reinvented.
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Strategic thinking rarely occurs spontaneously.
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