Michael Porter Quotes

• There’s a fundamental distinction between strategy and operational effectiveness.

  Michael Porter

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

  Michael 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.

  Michael Porter

• The essence of strategy is that you must set limits on what you’re trying to accomplish.

  Michael Porter

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

  Michael Porter

• The company without a strategy is willing to try anything.

  Michael Porter

• The chief strategist of an organization has to be the leader – the CEO.

  Michael Porter

• The best CEOs I know are teachers, and at the core of what they teach is strategy.

  Michael Porter

• The ability to change constantly and effectively is made easier by high-level continuity.

  Michael Porter

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

  Michael Porter

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

  Michael Porter

• Sound strategy starts with having the right goal.

  Michael Porter

• 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

• Innovation is the central issue in economic prosperity.

  Michael 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.

  Michael 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.

  Michael Porter

• Finally, strategy must have continuity. It can’t be constantly reinvented.

  Michael Porter

• Companies operating in urban communities have a tremendous ripple effect.

  Michael Porter

• Change brings opportunities. On the other hand, change can be confusing.

  Michael Porter

• Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.

  Michael Porter

Michael Porter (21)

Birth:	23rd May, 1947
Nationality:	American
Profession:	Author, Professor, Consultant

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Today's Anniversary - 1st June

Births

• 1947 - Ronald David Wood
• 1937 - Morgan Freeman
• 1940 - Rene Auberjonois
• 1944 - Robert Powell
• 1950 - Tim Bishop

Deaths

• 1991 - David Ruffin
• 2008 - Yves Saint Laurent
• 1925 - Thomas R. Marshall
• 1971 - Reinhold Niebuhr
• 1873 - Joseph Howe