Best Collection of Michael Porter Quotes

Michael Porter, American Educator ( - )

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Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.~Michael Porter

Choices Be Different

The essence of strategy is choosing what not to do.~Michael Porter

Strategy Essence Choosing

If your goal is anything but profitability - if it's to be big, or to grow fast, or to become a technology leader - you'll hit problems.~Michael Porter

Technology Leader Goal

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.~Michael Porter

Successful Trying You

Sound strategy starts with having the right goal.~Michael Porter

Goal Strategy Sound

The essence of strategy is that you must set limits on what you're trying to accomplish.~Michael Porter

Limits Trying Accomplish

The company without a strategy is willing to try anything.~Michael Porter

Strategy Company Try

Strategy 101 is about choices: You can't be all things to all people.~Michael Porter

Choices People Strategy

There's a fundamental distinction between strategy and operational effectiveness.~Michael Porter

Strategy Effectiveness

Change brings opportunities. On the other hand, change can be confusing.~Michael Porter

Change Opportunities Hand

Companies operating in urban communities have a tremendous ripple effect.~Michael Porter

Ripple Urban Effect

The ability to change constantly and effectively is made easier by high-level continuity.~Michael Porter

Change Ability Made

So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.~Michael Porter

Good Strategy Hand

I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it's the best perch... because most of my work crosses boundaries.~Michael Porter

Work Best Business

Innovation is the central issue in economic prosperity.~Michael Porter

Innovation Prosperity

The underlying principles of strategy are enduring, regardless of technology or the pace of change.~Michael Porter

Change Technology Strategy

Finally, strategy must have continuity. It can't be constantly reinvented.~Michael Porter

Strategy Must Reinvented

The chief strategist of an organization has to be the leader - the CEO.~Michael Porter

Leader Organization Chief

A strategy delineates a territory in which a company seeks to be unique.~Michael Porter

Unique Strategy Company

The best CEOs I know are teachers, and at the core of what they teach is strategy.~Michael Porter

Teacher Best Strategy

The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they're mutually reinforcing.~Michael Porter

Improvement Direction You

I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.~Michael Porter

Business Society Trying

You can't have a healthy society unless you have healthy companies that are making a profit, that are employing people and that are growing.~Michael Porter

Society People You

In America, the problems of poverty and low income, particularly for minorities, are disproportionately focused in the inner cities. Shining a spotlight on the businesses growing in these communities is proof that any community has the potential for entrepreneurship.~Michael Porter

Community Poverty America

As minorities and other immigrant groups become more important to our economy, the inner city is a crucible that gives us an early look at phenomena that are going to be spreading more broadly in the economy over time.~Michael Porter

Time Important City

In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.~Michael Porter

Yourself Mind Mistake