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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
Facing
Leading
Generations
Economy
Seen
Problem
Structural
Weakest
Competitiveness

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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 essence of strategy is choosing what not to do.
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The company without a strategy is willing to try anything.
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Operational effectiveness and strategy are both essential to superior performance.
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Without a goal analytics is aimless and worthless.
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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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In the vast majority of businesses, there is simply no such thing as “the best.”
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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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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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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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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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There's a fundamental distinction between strategy and operational effectiveness.
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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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If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
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