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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

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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
Leading
Generations
Economy
Seen
Problem
Structural
Weakest
Competitiveness
Facing

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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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Strategic thinking rarely occurs spontaneously
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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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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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The company without a strategy is willing to try anything.
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In the vast majority of businesses, there is simply no such thing as “the best.”
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Without a goal analytics is aimless and worthless.
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The essence of strategy is choosing what not to do.
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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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Innovation is the central issue in economic prosperity.
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Finally, strategy must have continuity. It can't be constantly reinvented.
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