Michael E. Porter is an American Professor teaching at the Harvard School of Business. Known for his theories in business, economics, and social causes, Porter has not gone without criticism. Here is a look at some of the most memorable Michael E. Porter quotes to take note of.
“A strategy delineates a territory in which a company seeks to be unique.”
“As a multisport athlete, I was always fascinated with competition and how to win.”
“Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.”
“Change brings opportunities. On the other hand, change can be confusing.”
“Finally, strategy must have continuity. It can’t be constantly reinvented.”
Speaking with small business owners today @GS10KSmallBiz on ways to #makesmallbig pic.twitter.com/i4YBHDemUY
— Michael E. Porter (@MichaelEPorter) June 7, 2016
“Good leaders need a positive agenda, not just an agenda of dealing with crisis.”
“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.”
“In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. I”
“Innovation is the central issue in economic prosperity.”
“Millennials are more aware of society’s many challenges than previous generations and less willing to accept maximizing shareholder value as a sufficient goal for their work.”
“Sound strategy starts with having the right goal.”
#TBT to meeting @hitRECordJoe a month ago at #LiveWorx. @LiveWorx pic.twitter.com/n6rTMdvOWp
— Michael E. Porter (@MichaelEPorter) July 7, 2016
“Strategy 101 is about choices: You can’t be all things to all people.”
“Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.”
“Technology has given us this wonderful opportunity to have low energy costs.”
“The best CEOs I know are teachers, and at the core of what they teach is strategy.”
“The essence of strategy is that you must set limits on what you’re trying to accomplish.”
Smart, connected products raise an important question for companies: what business are we actually in? @LiveWorx pic.twitter.com/Q0oiTyISu6
— Michael E. Porter (@MichaelEPorter) June 8, 2016
“The underlying principles of strategy are enduring, regardless of technology or the pace of change.”
“There’s a fundamental distinction between strategy and operational effectiveness.”
“Ultimately, health care fails the most basic test. It’s not organized around the needs of the patient.”
“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.”
“We have to seize that, rather than keep debating and discussing and fighting over it.”
Here is an interview with Michael E. Porter of Harvard University as he reviews the most important competitive forces used in modern business to shape strategy.
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