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.
MICHAEL PORTERUltimately, health care fails the most basic test. It’s not organized around the needs of the patient.
More Michael Porter Quotes
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Innovation is the central issue in economic prosperity.
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Companies operating in urban communities have a tremendous ripple effect.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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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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Change brings opportunities. On the other hand, change can be confusing.
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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 company without a strategy is willing to try anything.
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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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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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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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A strategy delineates a territory in which a company seeks to be unique.
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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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Strategic thinking rarely occurs spontaneously.
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The essence of strategy is choosing what not to do.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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The chief strategist of an organization has to be the leader – the CEO.
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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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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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A target should go with every goal. A target is the value that defines success.
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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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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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Operational effectiveness and strategy are both essential to superior performance.
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Without a goal analytics is aimless and worthless.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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There’s a fundamental distinction between strategy and operational effectiveness.
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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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