Quote by Michael E. Porter

““Rivalry is especially destructive to profitability if it gravitates solely to price because price competition transfers profits directly from an industry to its customers. P.32””

Michael E. Porter

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More by Michael E. Porter

“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

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“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

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“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

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

Michael E. Porter

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“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

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“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

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

Michael E. Porter

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“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

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“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

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“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

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“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