The essence of strategy is choosing what not to do.— Michael Porter
The most unexpected Michael Porter quotes that are guaranted to improve your brain
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.
Competitive strategy is about being different.
It means deliberately choosing a different set of activities to deliver a unique mix of value.
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Businesses must reconnect company success with social progress.
Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at the center. We believe that it can give rise to the next major transformation of business thinking.
A strategy delineates a territory in which a company seeks to be unique.
The best CEOs I know are teachers, and at the core of what they teach is strategy.
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.
If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
There's a fundamental distinction between strategy and operational effectiveness.
Innovation is the central issue in economic prosperity.
The company without a strategy is willing to try anything.
Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.
Sound strategy starts with having the right goal
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.
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.
A target should go with every goal. A target is the value that defines success.
Finally, strategy must have continuity. It can't be constantly reinvented.
The ability to change constantly and effectively is made easier by high-level continuity.
Strategy is choice. Strategy means saying no to certain kinds of things.
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.
Without a goal analytics is aimless and worthless.
The essence of strategy is that you must set limits on what you're trying to accomplish.
Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
Companies operating in urban communities have a tremendous ripple effect.
Change brings opportunities. On the other hand, change can be confusing.
You can't be all things to all people.
Good leaders need a positive agenda, not just an agenda of dealing with crisis.
Operational effectiveness and strategy are both essential to superior performance.
Billions are wasted on ineffective philanthropy.
Philanthropy is decades behind business in applying rigorous thinking to the use of money.
The chief strategist of an organization has to be the leader - the CEO.
Strategic thinking rarely occurs spontaneously
Efforts to preserve all industries will lower the national standard of living.
The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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.
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.
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.
Ultimately, health care fails the most basic test.
It's not organized around the needs of the patient.
Apple does all of its research and development in America.
It has all these brilliant people sitting in Silicon Valley. But until recently, Apple made nothing in America. Zero. And the jobs that were accessible to a good, well-trained worker that knew how to do welding or assembly, none of those jobs had stayed in America. We don't have the workforce.
In the vast majority of businesses, there is simply no such thing as “the best.”