Michael Porter Quotes, Sayings, Remarks, Thoughts and Speeches
Michael Porter Quotes and Sayings
- 1
A strategy delineates a territory in which a company seeks to be unique.
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- 2
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
Michael Porter | Refcard PDF ↑
- 3
Change brings opportunities. On the other hand, change can be confusing.
Michael Porter | Refcard PDF ↑
- 4
Companies operating in urban communities have a tremendous ripple effect.
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- 5
Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter | Refcard PDF ↑
- 6
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 | Refcard PDF ↑
- 7
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 | Refcard PDF ↑
- 8
Innovation is the central issue in economic prosperity.
Michael Porter | Refcard PDF ↑
- 9
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 | Refcard PDF ↑
- 10
Sound strategy starts with having the right goal.
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- 11
Strategy 101 is about choices: You can't be all things to all people.
Michael Porter | Refcard PDF ↑
- 12
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Michael Porter | Refcard PDF ↑
- 13
The ability to change constantly and effectively is made easier by high-level continuity.
Michael Porter | Refcard PDF ↑
- 14
The best CEOs I know are teachers, and at the core of what they teach is strategy.
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- 15
The chief strategist of an organization has to be the leader - the CEO.
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- 16
The company without a strategy is willing to try anything.
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- 17
The essence of strategy is choosing what not to do.
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- 18
The essence of strategy is that you must set limits on what you're trying to accomplish.
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- 19
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 | Refcard PDF ↑
- 20
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
Michael Porter | Refcard PDF ↑
- 21
There's a fundamental distinction between strategy and operational effectiveness.
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