Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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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Sound strategy starts with having the right goal
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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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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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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Companies operating in urban communities have a tremendous ripple effect.
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Strategic thinking rarely occurs spontaneously.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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The company without a strategy is willing to try anything.
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You can’t be all things to all people.
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A strategy delineates a territory in which a company seeks to be unique.
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Operational effectiveness and strategy are both essential to superior performance.
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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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Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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Efforts to preserve all industries will lower the national standard of living.
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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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
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The chief strategist of an organization has to be the leader – the CEO.
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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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Change brings opportunities. On the other hand, change can be confusing.
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The essence of strategy is choosing what not to do.
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