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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
Fundamental
Fundamentals
Strategy
Operational
Effectiveness
Distinction

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Operational effectiveness and strategy are both essential to superior performance.
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Finally, strategy must have continuity. It can't be constantly reinvented.
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Change brings opportunities. On the other hand, change can be confusing.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
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The company without a strategy is willing to try anything.
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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 about making choices, trade-offs it's about deliberately choosing to be different.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Without a goal analytics is aimless and worthless.
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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.
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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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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Innovation is the central issue in economic prosperity.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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