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Strategic thinking rarely occurs spontaneously

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
Occurs
Strategic
Rarely
Thinking
Spontaneously

More quotes by Michael Porter

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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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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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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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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 best CEOs I know are teachers, and at the core of what they teach is strategy.
Michael Porter
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Without a goal analytics is aimless and worthless.
Michael Porter
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There's a fundamental distinction between strategy and operational effectiveness.
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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The essence of strategy is choosing what not to do.
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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.
Michael Porter
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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.
Michael Porter
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Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter
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Innovation is the central issue in economic prosperity.
Michael Porter
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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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The company without a strategy is willing to try anything.
Michael Porter
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
Michael Porter