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Michael Porter Quotes
Michael Porter Quotes
Michael Porter
American
Educator
Born:
May 23
,
1947
Business
Companies
People
Strategy
Technology
You
Related authors:
Bill Nye
Booker T. Washington
Horace Mann
John W. Gardner
Mary McLeod Bethune
Michael Pollan
Temple Grandin
Timothy Leary
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Michael Porter
Strategy
Be Different
About
Deliberately
Making
Different
Choices
Choosing
Sound strategy starts with having the right goal.
Michael Porter
Strategy
Starts
Having
Sound
Goal
Right
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
You
Same Thing
Unlikely
Rivals
Very
Trying
Same
Essentially
Then
Successful
Your
Thing
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
You
Other
Consistent
Mutually
Direction
Fact
Absolutely
How
Continuity
Continuous
Improvement
In Fact
Strategic
Each
Thing
Things
The essence of strategy is that you must set limits on what you're trying to accomplish.
Michael Porter
You
Strategy
Must
Limits
Accomplish
Trying
Essence
Set
Unfortunately, I'm an engineer. I'm always thinking about, what's the task and how do I get it done? And some of my tasks are pretty broad, and pretty fuzzy, and pretty funky, but that's the way I think.
Michael Porter
Engineer
Think
Thinking
Broad
Way
Fuzzy
Some
Pretty
About
Always
How
Task
Get
Tasks
Done
Unfortunately
Funky
I'm really puzzled by why people in societies find it difficult to work collaboratively together with other people in societies.
Michael Porter
Work
Together
People
Difficult
Other
Find
Puzzled
Really
Why
Societies
The ability to change constantly and effectively is made easier by high-level continuity.
Michael Porter
Change
Made
Easier
Constantly
Ability
Continuity
Effectively
A strategy delineates a territory in which a company seeks to be unique.
Michael Porter
Strategy
Seeks
Territory
Which
Unique
Company
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
Michael Porter
Technology
Change
Strategy
Underlying
Principles
Enduring
Pace
Regardless
The best CEOs I know are teachers, and at the core of what they teach is strategy.
Michael Porter
Teacher
Best
Strategy
Know
CEOs
Teach
Teachers
Core
There's a fundamental distinction between strategy and operational effectiveness.
Michael Porter
Strategy
Distinction
Between
Operational
Effectiveness
Fundamental
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.
Michael Porter
Good
Schizophrenic
Strategy
Maintain
Also
Continuity
Continuously
Hand
Very
Improving
Companies
America used to be a uniquely productive, low-cost place to do business. We had efficient infrastructure. We had limited regulation. We believed in the market.
Michael Porter
Business
Market
Had
Limited
Efficient
America
Place
Infrastructure
Low-Cost
Used
Productive
Regulation
Uniquely
Believed
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
Technology
Wonderful
Opportunity
Energy
Fighting
Rather
Given
Costs
Seize
Over
Over It
Debating
Than
Discussing
Energy Costs
Low
Us
Keep
Change brings opportunities. On the other hand, change can be confusing.
Michael Porter
Change
Opportunities
Other
Hand
Confusing
Brings
Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter
Strategy
Finally
Must
Constantly
Continuity
Reinvented
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
You
Technology
Problems
Leader
Big
Become
Goal
Hit
Anything
Your
Grow
Fast
Profitability
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
Michael Porter
Business
Money
Thinking
Philanthropy
Rigorous
Ineffective
Decades
Behind
Use
Billions
Wasted
Applying
Good leaders need a positive agenda, not just an agenda of dealing with crisis.
Michael Porter
Positive
Good
Crisis
Leaders
Dealing
Just
Agenda
Need
Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.
Michael Porter
Health
Needs
Care
Patient
Fails
Most
Health Care
Around
Test
Ultimately
Organized
Basic
Being an American doesn't mean that you're guaranteed a high wage. You have to be productive, and we have to create a very low-cost, efficient place to do business, and we've let all that slip in America.
Michael Porter
You
Business
Slip
High
Wage
Very
Efficient
America
American
Being
Place
Mean
Low-Cost
Create
Productive
Guaranteed
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