The Good Quote
Open menu
Quotes
Authors
Topics
More
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
Home
Authors
Michael Porter
American
Educator
About the author
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,
American
Educator
#Fact
#Improvement
#Direction
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
Michael Porter,
American
Educator
#Technology
#Change
#Principles
#Strategy
There's a fundamental distinction between strategy and operational effectiveness.
Michael Porter,
American
Educator
#Strategy
The essence of strategy is choosing what not to do.
Michael Porter,
American
Educator
#Strategy
A strategy delineates a territory in which a company seeks to be unique.
Michael Porter,
American
Educator
#Company
#Strategy
Innovation is the central issue in economic prosperity.
Michael Porter,
American
Educator
#Prosperity
#Innovation
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,
American
Educator
#Problems
#Technology
#Goal
#Leader
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,
American
Educator
#Successful
#Trying
Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter,
American
Educator
#Strategy
Change brings opportunities. On the other hand, change can be confusing.
Michael Porter,
American
Educator
#Change
Strategy 101 is about choices: You can't be all things to all people.
Michael Porter,
American
Educator
#People
#Strategy
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
Michael Porter,
American
Educator
#Thinking
#Money
#Business
#Philanthropy
Companies operating in urban communities have a tremendous ripple effect.
Michael Porter,
American
Educator
#Effect
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Michael Porter,
American
Educator
#Trade
#Choices
#Strategy
The ability to change constantly and effectively is made easier by high-level continuity.
Michael Porter,
American
Educator
#Ability
#Change
The best CEOs I know are teachers, and at the core of what they teach is strategy.
Michael Porter,
American
Educator
#Teachers
#Strategy
The chief strategist of an organization has to be the leader - the CEO.
Michael Porter,
American
Educator
#Leader
The company without a strategy is willing to try anything.
Michael Porter,
American
Educator
#Company
#Strategy
Sound strategy starts with having the right goal.
Michael Porter,
American
Educator
#Right
#Goal
#Sound
#Strategy
The essence of strategy is that you must set limits on what you're trying to accomplish.
Michael Porter,
American
Educator
#Trying
#Limits
#Strategy
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,
American
Educator
#Strategy