Effort Quote by Michael Porter
“Efforts to preserve all industries will lower the national standard of living.”
About This Quote
Source Book: Competitive Advantage, Michael Porter, 1985
Attempting to keep every sector alive dilutes resources, reducing overall prosperity and quality of life.
In simple terms: Preserving all industries harms living standards.
Focus on high‑value sectors.
Themes
Mood
Type
When to use this quote
- government budgeting
- industrial strategy
- public policy
- economic planning
Key Concepts
Questions to Reflect On
- Which industries truly drive growth?
- How can we balance diversity with excellence?
May neglect innovation and efficiency in key areas.