Quote

Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.

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
Means
Choosing
Mean
Competitive
Different
Activities
Strategy
Unique
Activity
Value
Deliberately
Values
Deliver

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Change brings opportunities. On the other hand, change can be confusing.
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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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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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Strategy is choice. Strategy means saying no to certain kinds of things.
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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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Finally, strategy must have continuity. It can't be constantly reinvented.
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Innovation is the central issue in economic prosperity.
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A target should go with every goal. A target is the value that defines success.
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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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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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Operational effectiveness and strategy are both essential to superior performance.
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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 U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.
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