Operational effectiveness and strategy are both essential to superior performance.
MICHAEL PORTERTechnology 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.
More Michael Porter Quotes
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Innovation is the central issue in economic prosperity.
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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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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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Efforts to preserve all industries will lower the national standard of living.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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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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Change brings opportunities. On the other hand, change can be confusing.
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A strategy delineates a territory in which a company seeks to be unique.
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Sound strategy starts with having the right goal
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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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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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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.
MICHAEL PORTER