Michael Porter Quotes & Sayings (Page 2)

“I think that, too many times, business has been seen as acting in its narrow self-interest rather than, essentially, contributing more broadly to society. I think a lot of that is unintentional; I don't think that many managers are deliberately trying to be unethical or are not trying to be sensitive to social needs.”

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

“So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.”

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

“Sound strategy starts with having the right goal.”

“In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.”

“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.”

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

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

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