Michael Porter
Michael Porter
Michael Eugene Porter is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the founders of the consulting firm The Monitor Group...
NationalityAmerican
ProfessionEducator
CountryUnited States of America
trying strategy company
The company without a strategy is willing to try anything.
effectiveness fundamentals strategy
There's a fundamental distinction between strategy and operational effectiveness.
goal target strategy
If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.
goal target should
A target should go with every goal. A target is the value that defines success.
cutting average skills
Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.
goal analytics worthless
Without a goal analytics is aimless and worthless.
technology goal leader
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.
creating innovation growth
The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
goal sound tactics-and-strategy
Sound strategy starts with having the right goal
strategy continuity
Finally, strategy must have continuity. It can't be constantly reinvented.
facts improvement consistent
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.
risk management strategy
Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
levels made ability-to-change
The ability to change constantly and effectively is made easier by high-level continuity.
technology pace principles
The underlying principles of strategy are enduring, regardless of technology or the pace of change.