Michael E. Porter quotes

The best CEOs I know are teachers, and at the core of what they teach is strategy. (Michael E. Porter)
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different. View quote
Michael E. Porter
The essence of strategy is that you must set limits on what you're trying to accomplish. View quote
Michael E. Porter
The essence of strategy is choosing what not to do. View quote
Michael E. Porter
Good leaders need a positive agenda, not just an agenda of dealing with crisis. View quote
Michael E. Porter
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. View quote
Michael E. Porter
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. View quote
Michael E. Porter
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. View quote
Michael E. Porter
The company without a strategy is willing to try anything. View quote
Michael E. Porter
A strategy delineates a territory in which a company seeks to be unique. View quote
Michael E. Porter
Sound strategy starts with having the right goal. (Michael E. Porter)
There's a fundamental distinction between strategy and operational effectiveness. View quote
Michael E. Porter
Change brings opportunities. On the other hand, change can be confusing. View quote
Michael E. Porter
Innovation is the central issue in economic prosperity. View quote
Michael E. Porter
The underlying principles of strategy are enduring, regardless of technology or the pace of change. View quote
Michael E. Porter
Finally, strategy must have continuity. It can't be constantly reinvented. View quote
Michael E. Porter
The ability to change constantly and effectively is made easier by high-level continuity. View quote
Michael E. Porter
The chief strategist of an organization has to be the leader - the CEO. View quote
Michael E. Porter
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money. View quote
Michael E. Porter
In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others. View quote
Michael E. Porter
Quasi-integration is to use debt or equity investments and other means to create alliances between vertically related firms without full ownership. (Michael E. Porter)
Early entry is appropriate when the following general circumstances hold: - Image and reputation of the firm are important to the buyer, and the firm can develop an enhanced reputation by being a pioneer. - Early entry can initiate the learning process in a business in which the learning curve is important, experience is difficult to imitate, and it will not be nullified by successive technological generations. - Customer loyalty will be great, so that benefits will accrue to the firm that sells to the customer first. - Absolute cost advantages can be gained by early commitment to supplies of raw materials, distribution channels, and so on. View quote
Michael E. Porter
Low cost relative to competitors becomes the theme running through the entire strategy, though quality, service and other areas cannot be ignored. View quote
Michael E. Porter
Ultimately, health care fails the most basic test. It's not organized around the needs of the patient. View quote
Michael E. Porter
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. View quote
Michael E. Porter