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Michael Porter
12 quotes
“If people in the organization don't understand how a company is supposed to be different, how it creates value compared to its rivals, then how can they possibly make all of the myriad choices they have to make? Every salesman has to know the strategy — otherwise, he won't know who to call on. Every engineer has to understand it, or she won't know what to build.”
Michael Porter (born 1947) first seen 2005 wikiquote, CC BY-SA 4.0 source
Recorded in: Michael Porter, "The CEO as strategist," in: Henry Mintzberg, Bruce W. Ahlstrand, and Joseph Lampel (eds.). Strategy bites back: It is a lot more, and less, than you ever imagined. Pearson Education, 2005. p. 45
“The best CEOs I know are teachers, and at the core of what they teach is strategy.”
Michael Porter (born 1947) first seen 2005 wikiquote, CC BY-SA 4.0 source
Recorded in: Michael Porter, "The CEO as strategist," in: Henry Mintzberg, Bruce W. Ahlstrand, and Joseph Lampel (eds.). Strategy bites back: It is a lot more, and less, than you ever imagined. Pearson Education, 2005. p. 45
“The essence of formulating strategy is relating a company to its environment.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“Low cost relative to competitors becomes the theme running through the entire strategy, though quality, service and other areas cannot be ignored.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“The firm achieving focus may also potentially earn above-average returns for its industry. Its focus means that the firm either has a low cost position with its strategic target, high differentiation, or both.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“The grandfather of concepts for predicting the probable course of industry evolution is the familiar .”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“Early entry is appropriate when the following general circumstances hold:”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“Quasi-integration is to use debt or equity investments and other means to create alliances between vertically related firms without full ownership.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“The essential complement to the path-breaking book Competitive Strategy, Michael E. Porter’s Competitive Advantage explores the underpinnings of competitive advantage in the individual firm.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“The essence of strategy is choosing what not to do.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“There's a fundamental distinction between strategy and operational effectiveness. Strategy is about making choices, trade-offs; it's about deliberately choosing to be different. Operational effectiveness is about things that you really shouldn't have to make choices on; it's about what's good for everybody and about what every business should be doing.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source
“The success of a strategy depends on doing many things well – not just a few – and integrating among them.”
Michael Porter (born 1947) wikiquote, CC BY-SA 4.0 source