Quote

If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.

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
Goal
Success
Meets
Target
Strategy
Working

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The company without a strategy is willing to try anything.
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The essence of strategy is choosing what not to do.
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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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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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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Change brings opportunities. On the other hand, change can be confusing.
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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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There's a fundamental distinction between strategy and operational effectiveness.
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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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Operational effectiveness and strategy are both essential to superior performance.
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Strategic thinking rarely occurs spontaneously
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Innovation is the central issue in economic prosperity.
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Finally, strategy must have continuity. It can't be constantly reinvented.
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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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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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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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Without a goal analytics is aimless and worthless.
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