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In the vast majority of businesses, there is simply no such thing as “the best.”
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
Thing
Businesses
Vast
Majority
Simply
Best
More quotes by Michael Porter
Without a goal analytics is aimless and worthless.
Michael Porter
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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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter
Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Innovation is the central issue in economic prosperity.
Michael Porter
The essence of strategy is choosing what not to do.
Michael Porter
Change brings opportunities. On the other hand, change can be confusing.
Michael Porter
There's a fundamental distinction between strategy and operational effectiveness.
Michael Porter
A target should go with every goal. A target is the value that defines success.
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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.
Michael Porter
Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
Michael Porter
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 U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
Michael Porter
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.
Michael Porter
Strategic thinking rarely occurs spontaneously
Michael Porter
