“In essence, the job of the strategist is to understand and cope with competition. P. 25” — Michael E. Porter Copy Share Image
“Although external changes can be the problem, the greater threat to strategy often comes from within. A sound strategy is undermined by… — Michael E. Porter Copy Share Image
“General management is more than the stewardship of individual functions. Its core is strategy: defining and communicating the company’s unique position, making… — Michael E. Porter Copy Share Image
“The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. The most… — Michael E. Porter Copy Share Image
“Programs in operational effectiveness produce reassuring progress, although superior profitability may remain elusive. Business publications and consultants flood the market with information… — Michael E. Porter Copy Share Image
“Managers must clearly distinguish operational effectiveness from strategy.” — Michael E. Porter Copy Share Image
“Understanding industry structure is also essential to effective strategic positioning P. 26” — Michael E. Porter Copy Share Image
“Competitive forces = the underlying drivers of profitability P.25” — Michael E. Porter Copy Share Image
“Many strategy errors emanate from mistaking the relevant industry, defining it too broadly or too narrowly p.37” — Michael E. Porter Copy Share Image
“Understanding the competitive forces, and their underlying causes, reveals the roots of an industry’s current profitability while providing a framework for anticipating… — Michael E. Porter Copy Share Image
“Indeed, one of the most important functions of an explicit, communicated strategy is to guide employees in making choices that arise because… — Michael E. Porter Copy Share Image
“Strategy can be viewed as building defenses against the competitive forces or finding a position in the industry where the forces are… — Michael E. Porter Copy Share Image
“If the forces are intense, (..) almost no company earns attractive returns on investment. If the forces are benign, (..) many companies… — Michael E. Porter Copy Share Image
“Southwest’s strategy involves a whole system of activities, not a collection of parts. Its competitive advantage comes from the way its activities… — Michael E. Porter Copy Share Image
“Managers at lower levels lack the perspective and the confidence to maintain a strategy. There will be constant pressures to compromise, relax… — Michael E. Porter Copy Share Image
“One implication is that strategic positions should have a horizon of a decade or more, not of a single planning cycle. Continuity… — Michael E. Porter Copy Share Image
“The challenge of developing or reestablishing a clear strategy is often primarily an organizational one and depends on leadership. With so many… — Michael E. Porter Copy Share Image
“Strategy involves creating “fit” among a company’s activities. Fit has to do with the ways a company’s activities interact and reinforce one… — Michael E. Porter Copy Share Image
“In many industries, however, what some call hypercompetition is a self-inflicted wound, not the inevitable outcome of a changing paradigm of competition.… — Michael E. Porter Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“U.S. consumers report higher dissatisfaction with their health care system than do consumers in other developed nations.” — Michael E. Porter Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“One of the essential tasks in industry analysis is to distinguish temporary or cyclical changes from structural changes. P.29” — Michael E. Porter Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
“But history tells us that monopolies that are truly benevolent and effective are rare.” — Michael E. Porter Copy Share Image
