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Strategy is choice. Strategy means saying no to certain kinds of things.

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
Certain
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Kind
Strategy
Things
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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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Without a goal analytics is aimless and worthless.
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A target should go with every goal. A target is the value that defines success.
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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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Good leaders need a positive agenda, not just an agenda of dealing with crisis.
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Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
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Strategy is about making choices, trade-offs it's about deliberately choosing to be different.
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Change brings opportunities. On the other hand, change can be confusing.
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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 a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
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The company without a strategy is willing to try anything.
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Strategic thinking rarely occurs spontaneously
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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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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 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 essence of strategy is choosing what not to do.
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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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