High rivalry limits the profitability of an industry P.32

“Competition on dimensions other than price - on product features, support services, delivery time, or brand image, for instance - is less likely to…

— Michael E. Porter

“It is more useful to think in terms of themes that pervade many activities, such as low cost, a particular notion of customer service,…

— Michael E. Porter

“How to create competition on results throughout the system, and the kinds of information that need to be measured, analyzed, and disseminated, appear as…

— Michael E. Porter

“But history tells us that monopolies that are truly benevolent and effective are rare.”

— Michael E. Porter

“General management is more than the stewardship of individual functions. Its core is strategy: defining and communicating the company’s unique position, making trade-offs, and…

— Michael E. Porter

“Good quality is less costly because of more accurate diagnoses, fewer treatment errors, lower complication rates, faster recovery, less invasive treatment, and the minimization…

— Michael E. Porter

“Standardized process guidelines belie the complexity of individual patient circumstances, and freeze care delivery processes rather than foster innovation. What is needed is competition…

— Michael E. Porter

“The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. The most salient force,…

— Michael E. Porter

“One of the essential tasks in industry analysis is to distinguish temporary or cyclical changes from structural changes. P.29”

— Michael E. Porter

“Many countries have state-dominated or state-run systems with little competition. Their historically lower costs and favorable mortality statistics have led some to advocate that…

— Michael E. Porter

“MOST COMPANIES OWE THEIR INITIAL success to a unique strategic position involving clear trade-offs. Activities once were aligned with that position.”

— Michael E. Porter

“U.S. consumers report higher dissatisfaction with their health care system than do consumers in other developed nations.”

— Michael E. Porter

“Programs in operational effectiveness produce reassuring progress, although superior profitability may remain elusive. Business publications and consultants flood the market with information about what…

— Michael E. Porter

“THE U.S. HEALTH CARE SYSTEM is on a dangerous path, with a toxic combination of high costs, uneven quality, frequent errors, and limited access…

— Michael E. Porter

“Although external changes can be the problem, the greater threat to strategy often comes from within. A sound strategy is undermined by a misguided…

— Michael E. Porter