Michael Porter Quotes

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Michael Porter

Profession : Educator

Birth : May 23, 1947

Millennials are more aware of society's many challenges than previous generations and less willing to accept maximizing shareholder value as a sufficient goal for their work. They are looking for a broader social purpose and want to work somewhere that has such a purpose.

Michael Porter

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

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

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

Michael Porter

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

Michael Porter

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

Michael Porter

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

The company without a strategy is willing to try anything.

Michael Porter

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

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

Michael Porter

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

Michael Porter

Sound strategy starts with having the right goal.

Michael Porter

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

Michael Porter

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

Michael Porter

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

Michael Porter

Innovation is the central issue in economic prosperity.

Michael Porter

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

Michael Porter

Unfortunately, I'm an engineer. I'm always thinking about, what's the task and how do I get it done? And some of my tasks are pretty broad, and pretty fuzzy, and pretty funky, but that's the way I think.

Michael Porter

Companies operating in urban communities have a tremendous ripple effect.

Michael Porter

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

Michael Porter