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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
Company
Anything
Without
Trying
Strategy
Willing

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Finally, strategy must have continuity. It can't be constantly reinvented.
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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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There's a fundamental distinction between strategy and operational effectiveness.
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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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Without a goal analytics is aimless and worthless.
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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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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Change brings opportunities. On the other hand, change can be confusing.
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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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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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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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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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The essence of strategy is choosing what not to do.
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