Michael Porter Quotes

Biography: Michael Porter is known for his pioneering theories on economics, comp... more Biography: Michael Porter is known for his pioneering theories on economics, competitive strategy, and corporate advantage. A professor at Harvard Business School, Porter developed the Five Forces Framework and the Diamond Model, which have become essential tools for business analysis. His work continues to shape strategic thinking and economic policy globally. less

"The essence of strategy is choosing what not to do""A company’s success depends on the performance of its activities as compared to its rivals""Good leaders identify distinct paths and approach the same goal with different strategies""The fundamental task in strategy is to find a way of achieving a sustainable competitive advantage over your rival or rivals""Competition on dimensions like quality or cost is mutually destructive and does not lead to the creation of sustainable advantage""The most important thing in strategy is to make sure that you have a really clear strategic positioning""A company can outperform rivals only if it can establish a difference that it can preserve""A strategy delineates a territory in which a company seeks to be unique""The worst error in strategy is to compete with rivals on the same dimensions""Strategy 101 is about choices: You can't be all things to all people""The essence of strategy is that you must set limits on what you're trying to accomplish""The root of the problem is internal; the problem is the way management selects and implements strategy. Excellence in execution requires a dedicated and focused effort.""The more benchmarking companies do, the more they look alike.""Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.""Sound strategy starts with having the right goal.""The underlying principles of strategy are enduring, regardless of technology or the pace of change.""Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.""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 best CEOs I know are teachers, and at the core of what they teach is strategy""Operational effectiveness and strategy are both essential to superior performance"

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