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There's a fundamental distinction between strategy and operational effectiveness.

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
Distinction
Fundamental
Fundamentals
Strategy
Operational
Effectiveness

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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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The essence of strategy is choosing what not to do.
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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.
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A target should go with every goal. A target is the value that defines success.
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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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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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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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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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Change brings opportunities. On the other hand, change can be confusing.
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The company without a strategy is willing to try anything.
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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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Finally, strategy must have continuity. It can't be constantly reinvented.
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Strategic thinking rarely occurs spontaneously
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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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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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