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
accept aware broader challenges less looking previous purpose social society somewhere sufficient value willing work
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. They are looking for a broader social purpose and want to work somewhere that has such a purpose.
cost mistakes
It is a real disappointment to see us make so many mistakes. The mistakes cost us the game. We were prepared, but mistakes cost us.
cities few inner job relatively thriving
It's sobering. It suggests that there are relatively few inner cities that are thriving in the sense of job growth.
choosing comparison degree digging expense historical investors means normally performance shopping
Investors need to do the same degree of comparison shopping they would normally do when choosing between funds, which means digging into things like expense ratios, historical performance and holdings.
competition being-different matter
Strategy is about setting yourself apart from the competition. It's not a matter of being better at what you do - it's a matter of being different at what you do.
essence deep-thought transcendentalism
The essence of strategy is choosing what not to do.
choices different strategy
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
creativity issues innovation
Innovation is the central issue in economic prosperity.
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.
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.