Michael Porter, Business Strategist Thought Leader

Michael Porter is a management thought leader, Harvard professor, and director of Harvard’s business program for new corporate CEOs. A leading authority on competitive strategies, he is one of the most cited authors in business and economics. Porter re-defined thinking regarding competitiveness, economic development, and the role corporations play in society.

Through his career he has formed three major non-profit organizations, contributed to the founding of The Monitor Group, written over 18 books, and won best article of the year in Harvard Business Review six times. Recently, he has turned his focus to addressing health care delivery in the US and abroad.

Some of his my favorite Michael Porter quotes include:

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

Innovation is the central issue in economic prosperity.
Michael Porter

Sound strategy starts with having the right goal.
Michael Porter

The essence of strategy is choosing what not to do.
Michael Porter

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

The chief strategist of an organization has to be the leader – the CEO.
Michael Porter

The company without a strategy is willing to try anything.
Michael Porter

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

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

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

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

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

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

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.
Michael Porter

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

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

 

 

 

About the Author Bill Ringle

Bill Ringle is a CEO, former Apple exec, published author, and angel investor. Through Grow Business Now, he offers strategies and tools to elevate growth for executives and entrepreneurs from more than 46 industries. Bill has conducted nearly 200 podcast interviews on My Quest for the Best, where industry and business leaders share their secrets to success.

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