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Michael Porter [1947-0] American

Rank: 101
Educator, Academic

Michael Eugene Porter 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.

Technology, Best, Business, Health, Medical, Government, Positive, Teacher

Quote	Tags	Rank
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.		101
The essence of strategy is that you must set limits on what you're trying to accomplish.		102
Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.		103
The best CEOs I know are teachers, and at the core of what they teach is strategy.	Best, Teacher	104
I teach in the medical school, the School of Public Health, the Kennedy School of Government, and the Business School. And it's the best perch... because most of my work crosses boundaries.	Best, Business, Government, Health, Medical	105
Sound strategy starts with having the right goal.		106
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.		107
As a multisport athlete, I was always fascinated with competition and how to win. At HBS and later at the Harvard Department of Economics, I was drawn to the field of competition and strategy because it tackles perhaps the most basic question in both business management and industrial economics: What determines corporate performance?	Business	108
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.	Technology	109
There's a fundamental distinction between strategy and operational effectiveness.		110
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	111
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.		112
Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.	Health	113
Companies understand that if their employees are sick, it's really expensive. So despite the rhetoric I hear, thank God employers are still in the health-care system.		114
Innovation is the central issue in economic prosperity.		115
The essence of strategy is choosing what not to do.		116
Change brings opportunities. On the other hand, change can be confusing.		117
The underlying principles of strategy are enduring, regardless of technology or the pace of change.	Technology	118
Strategy 101 is about choices: You can't be all things to all people.		119
Finally, strategy must have continuity. It can't be constantly reinvented.		120
A strategy delineates a territory in which a company seeks to be unique.		121
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.		122
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.		123
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.		124
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.		125
Good leaders need a positive agenda, not just an agenda of dealing with crisis.	Positive	126
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.		201
The ability to change constantly and effectively is made easier by high-level continuity.		202
As minorities and other immigrant groups become more important to our economy, the inner city is a crucible that gives us an early look at phenomena that are going to be spreading more broadly in the economy over time.		203
The company without a strategy is willing to try anything.		204
Companies operating in urban communities have a tremendous ripple effect.		205
The chief strategist of an organization has to be the leader - the CEO.		206
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.		207
In America, the problems of poverty and low income, particularly for minorities, are disproportionately focused in the inner cities. Shining a spotlight on the businesses growing in these communities is proof that any community has the potential for entrepreneurship.		208
I'm really puzzled by why people in societies find it difficult to work collaboratively together with other people in societies.		209
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.	Medical	210
America used to be a uniquely productive, low-cost place to do business. We had efficient infrastructure. We had limited regulation. We believed in the market.		211
Being an American doesn't mean that you're guaranteed a high wage. You have to be productive, and we have to create a very low-cost, efficient place to do business, and we've let all that slip in America.		212

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