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Michael Porter
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So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.
- Michael Porter
#Continuity
#Good
#Hand
#Strategy
#Very
A strategy delineates a territory in which a company seeks to be unique.
- Michael Porter
#Company
#Strategy
#Territory
#Unique
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
#Best
#Business
#Government
#Health
#Work
Innovation is the central issue in economic prosperity.
- Michael Porter
#Economic
#Innovation
#Issue
#Prosperity
The ability to change constantly and effectively is made easier by high-level continuity.
- Michael Porter
#Ability
#Change
#Continuity
#Made
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
#Big
#Fast
#Grow
#Problems
#Technology
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
#Rivals
#Same Thing
#Same
#Trying
#Your
Millennials are more aware of society's many challenges than previous generations and less willing to accept maximizing shareholder value as a sufficient goal for their work. They are looking for a broader social purpose and want to work somewhere that has such a purpose.
- Michael Porter
#Challenges
#Purpose
#Society
#Work
Good leaders need a positive agenda, not just an agenda of dealing with crisis.
- Michael Porter
#Agenda
#Crisis
#Good
#Need
#Positive
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
- Michael Porter
#Behind
#Business
#Money
#Thinking
#Use
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
- Michael Porter
#Change
#Principles
#Strategy
#Technology
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
#Direction
#How
#Improvement
#Things
There's a fundamental distinction between strategy and operational effectiveness.
- Michael Porter
#Between
#Effectiveness
#Strategy
Sound strategy starts with having the right goal.
- Michael Porter
#Goal
#Having
#Right
#Sound
#Strategy
Strategy 101 is about choices: You can't be all things to all people.
- Michael Porter
#About
#Choices
#People
#Strategy
#Things
The company without a strategy is willing to try anything.
- Michael Porter
#Anything
#Company
#Strategy
#Try
The essence of strategy is that you must set limits on what you're trying to accomplish.
- Michael Porter
#Accomplish
#Limits
#Strategy
#Trying
Change brings opportunities. On the other hand, change can be confusing.
- Michael Porter
#Brings
#Change
#Confusing
#Hand
#Opportunities
#Other
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
- Michael Porter
#About
#Be Different
#Choices
#Strategy
The best CEOs I know are teachers, and at the core of what they teach is strategy.
- Michael Porter
#Best
#Know
#Strategy
#Teacher
#Teachers
The essence of strategy is choosing what not to do.
- Michael Porter
#Choosing
#Essence
#Strategy
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