American - Educator | May 23, 1947 -
The ability to change constantly and effectively is made easier by high-level continuity.
Michael Porter
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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.
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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.
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Strategy 101 is about choices: You can't be all things to all people.
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You can't have a healthy society unless you have healthy companies that are making a profit, that are employing people and that are growing.
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Sound strategy starts with having the right goal.
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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.
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The best CEOs I know are teachers, and at the core of what they teach is strategy.
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As a multisport athlete, I was always fascinated with competition and how to win. At HBS and later at the Harvard Department of Economics, I was drawn to the field of competition and strategy because it tackles perhaps the most basic question in both business management and industrial economics: What determines corporate performance?
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Innovation is the central issue in economic prosperity.
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There's a fundamental distinction between strategy and operational effectiveness.
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Being an American doesn't mean that you're guaranteed a high wage. You have to be productive, and we have to create a very low-cost, efficient place to do business, and we've let all that slip in America.
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