Michael Porter

The essence of strategy is choosing what not to do. ↗

— Michael Porter

#essence #strategy

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

#rivals #same #successful #then #thing

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

#become #big #fast #goal #grow

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

— Michael Porter

#be different #choices #choosing #deliberately #different

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

— Michael Porter

#seeks #strategy #territory #unique #which

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

— Michael Porter

#continuity #finally #must #reinvented #strategy

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

— Michael Porter

#best #ceos #core #i #know

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

— Michael Porter

#all things #choices #people #strategy #things

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

— Michael Porter

#change #confusing #hand #opportunities #other

Innovation is the central issue in economic prosperity. ↗

— Michael Porter

#economic #economic prosperity #innovation #issue #prosperity