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Innovation is the central issue in economic prosperity.

Michael Porter

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Michael Porter
Age: 77
Born: 1947
Born: May 23
Aerospace Engineer
Economist
Mechanical Engineer
Professor
Ann Arbor
Michigan
Michael Eugene Porter
Creativity
Growth
Wealth
Issues
Innovative
Economic
Central
Innovation
Prosperity
Issue

More quotes by Michael Porter

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The essence of strategy is choosing what not to do.
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Operational effectiveness and strategy are both essential to superior performance.
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If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
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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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Finally, strategy must have continuity. It can't be constantly reinvented.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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A target should go with every goal. A target is the value that defines success.
Michael Porter
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
Michael Porter
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The company without a strategy is willing to try anything.
Michael Porter
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The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
Michael Porter
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
Michael Porter
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Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
Michael Porter
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There's a fundamental distinction between strategy and operational effectiveness.
Michael Porter
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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
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Strategic thinking rarely occurs spontaneously
Michael Porter
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
Michael Porter
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Strategy is choice. Strategy means saying no to certain kinds of things.
Michael Porter
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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