95 Quotes by Michael Porter

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.

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.

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

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

Health care historically has been a very siloed field that’s organized around medical specialties – urology, cardiac surgery, and so forth – and around the supply of these specialty services. The patient is the ping-pong ball that moves from service to service.

Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.

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

The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. The most salient force, however, is not always obvious. P. 26.

The chief strategist of an organization has to be the leader – the CEO.