Michael Porter
Michael Porter
Michael Eugene Porter is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the founders of the consulting firm The Monitor Group...
NationalityAmerican
ProfessionEducator
CountryUnited States of America
goal analytics worthless
Without a goal analytics is aimless and worthless.
technology goal leader
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.
strategy continuity
Finally, strategy must have continuity. It can't be constantly reinvented.
cutting average skills
Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.
care tests needs
Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.
goal sound tactics-and-strategy
Sound strategy starts with having the right goal
goal target should
A target should go with every goal. A target is the value that defines success.
believe responsibility thinking
Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at the center. We believe that it can give rise to the next major transformation of business thinking.
trying strategy company
The company without a strategy is willing to try anything.
effectiveness fundamentals strategy
There's a fundamental distinction between strategy and operational effectiveness.
moving ping-pong care
Health care historically has been a very siloed field that's organized around medical specialties - urology, cardiac surgery, and so forth - and around the supply of these specialty services. The patient is the ping-pong ball that moves from service to service.
creating innovation growth
The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.
creativity issues innovation
Innovation is the central issue in economic prosperity.
goal target strategy
If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.