Michael Porter

Educator

1947-05-23

Quotes by Michael 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.

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• As minorities and other immigrant groups become more important to our economy, the inner city is a crucible that gives us an early look at phenomena that are going to be spreading more broadly in the economy over time.

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• 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.

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• Sound strategy starts with having the right goal.

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• The essence of strategy is choosing what not to do.

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

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

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• 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.

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

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• I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.

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• 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.

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