Michael E. Porter Quotes (13 quotes) | Quotes of famous people

Michael E. Porter: 13 quotes 2 likes

Famous Michael E. Porter Quotes

“The essence of strategy is choosing what not to do.”

Michael E. Porter

Source: What is strategy?, 1996, p. 70

“The firm achieving focus may also potentially earn above-average returns for its industry. Its focus means that the firm either has a low cost position with its strategic target, high differentiation, or both.”

Michael E. Porter

Source: Competitive strategy, 1980, p. 39

“Quasi-integration is to use debt or equity investments and other means to create alliances between vertically related firms without full ownership.”

Michael E. Porter

Source: Competitive strategy, 1980, p. 301

“The grandfather of concepts for predicting the probable course of industry evolution is the familiar product life cycle.”

Michael E. Porter

Source: Competitive strategy, 1980, p. 157

“Early entry is appropriate when the following general circumstances hold:
- Image and reputation of the firm are important to the buyer, and the firm can develop an enhanced reputation by being a pioneer.
- Early entry can initiate the learning process in a business in which the learning curve is important, experience is difficult to imitate, and it will not be nullified by successive technological generations.
- Customer loyalty will be great, so that benefits will accrue to the firm that sells to the customer first.
- Absolute cost advantages can be gained by early commitment to supplies of raw materials, distribution channels, and so on.”

Michael E. Porter

2008 edition, p. 248
Competitive strategy, 1980

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

Michael E. Porter

Michael Porter, "The CEO as strategist," in: Henry Mintzberg, Bruce W. Ahlstrand, and Joseph Lampel (eds.). Strategy bites back: It is a lot more, and less, than you ever imagined. Pearson Education, 2005. p. 45

Michael E. Porter Quotes

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

Michael E. Porter

"What is strategy?," 1996
Context: There's a fundamental distinction between strategy and operational effectiveness. Strategy is about making choices, trade-offs; it's about deliberately choosing to be different. Operational effectiveness is about things that you really shouldn't have to make choices on; it's about what's good for everybody and about what every business should be doing.