A strategy delineates a territory in which a company seeks to be unique.
Michael Porter
2
Change brings opportunities. On the other hand, change can be confusing.
Michael Porter
3
Companies operating in urban communities have a tremendous ripple effect.
Michael Porter
4
Finally, strategy must have continuity. It can't be constantly reinvented.
Michael Porter
5
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
6
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
7
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
8
Strategy 101 is about choices: You can't be all things to all people.
Michael Porter
9
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Michael Porter
10
The ability to change constantly and effectively is made easier by high-level continuity.
Michael Porter
11
The best CEOs I know are teachers, and at the core of what they teach is strategy.
Michael Porter
12
The essence of strategy is choosing what not to do.
Michael Porter
13
The essence of strategy is that you must set limits on what you're trying to accomplish.
Michael Porter
14
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
15
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
Michael Porter
16
There's a fundamental distinction between strategy and operational effectiveness.
Michael Porter
