Michael Porter Quotes
Michael Porter Quotes
- 1
A strategy delineates a territory in which a company seeks to be unique.
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- 2
Change brings opportunities. On the other hand, change can be confusing.
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- 3
Companies operating in urban communities have a tremendous ripple effect.
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- 4
Finally, strategy must have continuity. It can't be constantly reinvented.
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- 5
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.
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- 6
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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- 7
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.
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- 8
Strategy 101 is about choices: You can't be all things to all people.
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- 9
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
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- 10
The ability to change constantly and effectively is made easier by high-level continuity.
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- 11
The best CEOs I know are teachers, and at the core of what they teach is strategy.
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- 12
The essence of strategy is choosing what not to do.
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- 13
The essence of strategy is that you must set limits on what you're trying to accomplish.
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- 14
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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- 15
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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- 16
There's a fundamental distinction between strategy and operational effectiveness.
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