Michael Porter famous quotes

A strategy delineates a territory in which a company seeks to be unique.
-- Michael Porter

#Unique #Territory #Strategy

The best CEOs I know are teachers, and at the core of what they teach is strategy.
-- Michael Porter

#Teacher #Strategy #Ceo

Companies operating in urban communities have a tremendous ripple effect.
-- Michael Porter

#Community #Urban #Ripple Effect

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

#Technology #Goal #Leader

The essence of strategy is choosing what not to do.
-- Michael Porter

#Essence #Deep Thought #Transcendentalism

Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
-- Michael Porter

#Choices #Different #Strategy

There's a fundamental distinction between strategy and operational effectiveness.
-- Michael Porter

#Effectiveness #Fundamentals #Strategy

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

#Mean #Unique #Being Different

The company without a strategy is willing to try anything.
-- Michael Porter

#Trying #Strategy #Company

Finally, strategy must have continuity. It can't be constantly reinvented.
-- Michael Porter

#Strategy #Continuity

Innovation is the central issue in economic prosperity.
-- Michael Porter

#Creativity #Issues #Innovation

The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they're mutually reinforcing.
-- Michael Porter

#Facts #Improvement #Risk Management

The ability to change constantly and effectively is made easier by high-level continuity.
-- Michael Porter

#Levels #Made #Ability To Change

Strategy is about setting yourself apart from the competition. It's not a matter of being better at what you do - it's a matter of being different at what you do.
-- Michael Porter

#Competition #Being Different #Matter

Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
-- Michael Porter

#Thinking #Use #Philanthropy

Strategic thinking rarely occurs spontaneously
-- Michael Porter

#Thinking #Strategic Thinking

Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.
-- Michael Porter

#Care #Tests #Needs

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.
-- Michael Porter

#Moving #Ping Pong #Care

I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it's the best perch... because most of my work crosses boundaries.
-- Michael Porter

#School #Government #Medical

You can't be all things to all people.
-- Michael Porter

#People

Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at the center. We believe that it can give rise to the next major transformation of business thinking.
-- Michael Porter

#Believe #Responsibility #Thinking

In the vast majority of businesses, there is simply no such thing as ‘the best,’
-- Michael Porter

#Majority

Good leaders need a positive agenda, not just an agenda of dealing with crisis.
-- Michael Porter

#Leader #Agendas #Needs

The economic distress of America's inner cities may be the most pressing issue facing the nation. The lack of businesses and jobs in disadvantaged urban areas fuels not only a crushing cycle of poverty but also crippling social problems such as drug abuse and crime… A sustainable economic base can be created in the inner city, but only as it has been created elsewhere: through private, for-profit initiatives and investment based on economic self-interest and genuine competitive advantage.
-- Michael Porter

#Crush #Jobs #Self

The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
-- Michael Porter

#Creating #Innovation #Growth

A target should go with every goal. A target is the value that defines success.
-- Michael Porter

#Goal #Target #Should

Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
-- Michael Porter

#Risk #Management #Strategy

If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
-- Michael Porter

#Goal #Target #Strategy

Change brings opportunities. On the other hand, change can be confusing.
-- Michael Porter

#Opportunity #Hands #Confusing

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.
-- Michael Porter

#Successful #Trying #Rivals

The essence of strategy is that you must set limits on what you're trying to accomplish.
-- Michael Porter

#Essence #Trying #Limits

The chief strategist of an organization has to be the leader - the CEO.
-- Michael Porter

#Organization #Leader #Chiefs

The underlying principles of strategy are enduring, regardless of technology or the pace of change.
-- Michael Porter

#Technology #Pace #Principles

Technology has given us this wonderful opportunity to have low energy costs. We have to seize that, rather than keep debating and discussing and fighting over it.
-- Michael Porter

#Fighting #Technology #Opportunity

Without a goal analytics is aimless and worthless.
-- Michael Porter

#Goal #Analytics #Worthless

Sound strategy starts with having the right goal
-- Michael Porter

#Goal #Sound #Strategy