95 Quotes by Michael Porter

Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.

Finally, strategy must have continuity. It can't be constantly reinvented.

Innovation is the central issue in economic prosperity.

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.

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.

There's a fundamental distinction between strategy and operational effectiveness.

Strategy 101 is about choices: You can't be all things to all people.

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.

I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.