Top Michael Porter Quotes - Quotesmemo.com

Michael Porter Biography

Michael Eugene Porter (born May 23, 1947) 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 (now part of Deloitte) and FSG, a social impact consultancy.

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Michael Porter Quotes

Companies operating in urban communities have a tremendous ripple effect.

Community, Effect, Ripple Effect, Tremendous, Urban

Efforts to preserve all industries will lower the national standard of living.

Effort, Industries, Industry, Lower, Standard, Standards

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

Essence, Limits, Set, Strategy, Trying

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.

Average, Cutting, Defined, Skills, Standard, Sustain

Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.

Being Different, Choosing, Competitive, Deliberately, Mean, Unique

Good leaders need a positive agenda, not just an agenda of dealing with crisis.

Agenda, Dealing, Good, Inspirational, Leader, Needs

Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.

Function, Management, Risk, Scenario, Strategy, Wrong

The U. S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.

Economy, Generations, Problem

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.

Technology, Goal, Leader, Hit

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.

Facts, Improvement, Consistent, Direction, Things

Technology has given us this wonderful opportunity to have low energy costs. We have to seize that, rather than keep debating and discussing and fighting over it.

Fighting, Low, Opportunity, Technology

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.

Believe, Companies, Economic, Responsibility, Success, Thinking

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.

Ball, Balls, Moving, Organized, Patient, Ping Pong

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

Distinction, Effectiveness, Fundamental, Fundamentals, Operational, Strategy

Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.

Billions, Money, Philanthropy, Thinking, Use

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

Confusing, Hand, Hands, Opportunities, Opportunity

A target should go with every goal. A target is the value that defines success.

Goal, Target, Should, Defines, Value

The essence of strategy is choosing what not to do.

Choosing, Deep Thought, Essence, Strategy, Transcendentalism

Strategic thinking rarely occurs spontaneously

Thinking, Strategic Thinking, Strategic, Occurs

The economic distress of America's inner cities may be the most pressing issue facing the nation. The lack of businesses and jobs in disadvantaged urban areas fuels not only a crushing cycle of poverty but also crippling social problems such as drug abuse and crime… A sustainable economic base can be created in the inner city, but only as it has been created elsewhere: through private, for-profit initiatives and investment based on economic self-interest and genuine competitive advantage.

Areas, Cities, Crush, Facing, Genuine, Jobs

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