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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
Choosing
Strategy
Essence
Transcendentalism

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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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Innovation is the central issue in economic prosperity.
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Operational effectiveness and strategy are both essential to superior performance.
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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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Strategic thinking rarely occurs spontaneously
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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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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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Without a goal analytics is aimless and worthless.
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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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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 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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Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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There's a fundamental distinction between strategy and operational effectiveness.
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The company without a strategy is willing to try anything.
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