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The essence of strategy is choosing what not to do.

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
Strategy
Essence
Transcendentalism
Choosing

More quotes by Michael Porter

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A target should go with every goal. A target is the value that defines success.
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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.
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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The company without a strategy is willing to try anything.
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Strategic thinking rarely occurs spontaneously
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Finally, strategy must have continuity. It can't be constantly reinvented.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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.
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There's a fundamental distinction between strategy and operational effectiveness.
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Innovation is the central issue in economic prosperity.
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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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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.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Operational effectiveness and strategy are both essential to superior performance.
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Without a goal analytics is aimless and worthless.
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Change brings opportunities. On the other hand, change can be confusing.
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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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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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