Michael Porter Quotes (30 Quotes)


    The essence of strategy is choosing what not to do.

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

    In the future, ... buying a single country fund will be akin to buying an Iowa fund or a Massachusetts fund.

    It's sobering. It suggests that there are relatively few inner cities that are thriving in the sense of job growth.

    Companies operating in urban communities have a tremendous ripple effect.


    We'll be ready for Thursday's game, but I know I'm thinking of Branson on Saturday. The taste from last year's loss is still there. We want to see Branson again.

    Europe was suffering from a competitiveness crisis.

    Too many academics and business managers are satisfied with the 'good feeling' as argument. I disagree completely.

    We have to assume that Europe has more legs. As long as we have those pillars, we would expect an upward trend.

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

    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.

    It is a real disappointment to see us make so many mistakes. The mistakes cost us the game. We were prepared, but mistakes cost us.

    So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.

    Innovation is the central issue in economic prosperity.

    It's better that there aren't many people. You get more oneonone time.

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

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

    Investors need to do the same degree of comparison shopping they would normally do when choosing between funds, which means digging into things like expense ratios, historical performance and holdings.

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

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

    Strategy 101 is about choices: You can't be all things to all people.

    The company without a strategy is willing to try anything.

    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.

    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.


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

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

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

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

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


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