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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

More quotes by Michael Porter

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There's a fundamental distinction between strategy and operational effectiveness.
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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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The essence of strategy is choosing what not to do.
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Innovation is the central issue in economic prosperity.
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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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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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Strategic thinking rarely occurs spontaneously
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The company without a strategy is willing to try anything.
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Operational effectiveness and strategy are both essential to superior performance.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
Michael Porter
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A target should go with every goal. A target is the value that defines success.
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Change brings opportunities. On the other hand, change can be confusing.
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Without a goal analytics is aimless and worthless.
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Finally, strategy must have continuity. It can't be constantly reinvented.
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
Michael Porter
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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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