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The company without a strategy is willing to try anything.

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
Anything
Without
Trying
Strategy
Willing
Company

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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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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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Change brings opportunities. On the other hand, change can be confusing.
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A target should go with every goal. A target is the value that defines success.
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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 choice. Strategy means saying no to certain kinds of things.
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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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Finally, strategy must have continuity. It can't be constantly reinvented.
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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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Operational effectiveness and strategy are both essential to superior performance.
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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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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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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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