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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
Best
Thing
Businesses
Vast
Majority
Simply

More quotes by Michael Porter

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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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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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A target should go with every goal. A target is the value that defines success.
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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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There's a fundamental distinction between strategy and operational effectiveness.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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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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Finally, strategy must have continuity. It can't be constantly reinvented.
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Operational effectiveness and strategy are both essential to superior performance.
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The company without a strategy is willing to try anything.
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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 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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Strategic thinking rarely occurs spontaneously
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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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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Change brings opportunities. On the other hand, change can be confusing.
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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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