41+ Michael Porter Quotes On Strategy, Competitive Advantage And Strategic

Michael Porter is an American academic, consultant, and author who is a leading authority on competitive strategy and the competitiveness of nations, states, and regions. He is the Bishop William Lawrence University Professor at Harvard Business School and the director of the Institute for Strategy and Competitiveness. He is widely recognized for his work in the field of competitive strategy and the creation of the Five Forces Model. Following is our collection on famous quotes by Michael Porter on strategy, competitive advantage, strategic.

Top 10 Michael Porter Quotes

1. The essence of strategy is choosing what not to do.
2. Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
3. 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.
4. Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
5. A strategy delineates a territory in which a company seeks to be unique.
6. If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
7. The best CEOs I know are teachers, and at the core of what they teach is strategy.
8. 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.
9. There's a fundamental distinction between strategy and operational effectiveness.
10. Innovation is the central issue in economic prosperity.

Michael Porter Image Quotes

Innovation is the central issue in economic prosperity. — Michael Porter

The company without a strategy is willing to try anything. — Michael Porter

Sound strategy starts with having the right goal — Michael Porter

Michael Porter Short Quotes

• A target should go with every goal. A target is the value that defines success.
• The ability to change constantly and effectively is made easier by high-level continuity.
• Without a goal analytics is aimless and worthless.
• 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.
• Strategic thinking rarely occurs spontaneously
• The chief strategist of an organization has to be the leader - the CEO.
• Efforts to preserve all industries will lower the national standard of living.

Michael Porter Quotes About Strategy

The company without a strategy is willing to try anything. — Michael Porter

Sound strategy starts with having the right goal — Michael Porter

Finally, strategy must have continuity. It can't be constantly reinvented. — Michael Porter

Strategy is choice. Strategy means saying no to certain kinds of things. — Michael Porter

The essence of strategy is that you must set limits on what you're trying to accomplish. — Michael Porter

Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs. — Michael Porter

The underlying principles of strategy are enduring, regardless of technology or the pace of change. — Michael Porter

Operational effectiveness and strategy are both essential to superior performance. — Michael Porter

Michael Porter Famous Quotes And Sayings

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. — Michael Porter

Innovation is the central issue in economic prosperity. — Michael Porter

The company without a strategy is willing to try anything. — Michael Porter

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. — Michael Porter

Sound strategy starts with having the right goal — Michael Porter

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. — Michael Porter

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. — Michael Porter

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 Porter

Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money. — Michael Porter

The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations. — Michael Porter

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. — Michael Porter

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. — Michael Porter

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. — Michael Porter

Ultimately, health care fails the most basic test. It's not organized around the needs of the patient. — Michael Porter

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. — Michael Porter

In the vast majority of businesses, there is simply no such thing as “the best.” — Michael Porter

Life Lessons by Michael Porter

1. Michael Porter's work emphasizes the importance of understanding the competitive environment in order to gain a competitive advantage.
2. He encourages businesses to focus on their unique strengths and identify opportunities for differentiation.
3. He also stresses the importance of collaboration and strategic partnerships to create value for customers and the organization.