Finally, strategy must have continuity. It can't be constantly reinvented. Michael Porter More Quotes by Michael Porter More Quotes From Michael Porter The essence of strategy is choosing what not to do. Michael Porter transcendentalism deep-thought essence 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. Michael Porter being-different competition matter Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value. Michael Porter being-different unique mean Strategy is about making choices, trade-offs; it's about deliberately choosing to be different. Michael Porter strategy different choices 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 responsibility believe thinking 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. Michael Porter creating innovation growth A strategy delineates a territory in which a company seeks to be unique. Michael Porter strategy territory unique If a strategy meets a goal: It's working. If a strategy meets a target: It's a success. Michael Porter strategy target goal The best CEOs I know are teachers, and at the core of what they teach is strategy. Michael Porter ceo strategy teacher 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 successful trying Innovation is the central issue in economic prosperity. Michael Porter issues innovation creativity There's a fundamental distinction between strategy and operational effectiveness. Michael Porter effectiveness strategy fundamentals Sound strategy starts with having the right goal Michael Porter tactics-and-strategy goal sound 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 cutting skills average Strategy is choice. Strategy means saying no to certain kinds of things. Michael Porter saying-no choices mean The company without a strategy is willing to try anything. Michael Porter strategy company trying The essence of strategy is that you must set limits on what you're trying to accomplish. Michael Porter limits essence trying 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 ping-pong balls moving A target should go with every goal. A target is the value that defines success. Michael Porter target goal should 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 technology leader goal
