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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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Michael Porter
Age: 77
Born: 1947
Born: May 23
Aerospace Engineer
Economist
Mechanical Engineer
Professor
Ann Arbor
Michigan
Michael Eugene Porter
Strategy
Trade
Choices
Making
Different
Offs
Deliberately
Choosing

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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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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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The essence of strategy is choosing what not to do.
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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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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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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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Strategic thinking rarely occurs spontaneously
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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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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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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Without a goal analytics is aimless and worthless.
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The company without a strategy is willing to try anything.
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A target should go with every goal. A target is the value that defines success.
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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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Operational effectiveness and strategy are both essential to superior performance.
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Innovation is the central issue in economic prosperity.
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