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Michael Porter Quotes

Biography

Michael E. Porter, born May 23, 1947, is a leading authority on competitive strategy and economic development. He is best known for his seminal work, "Competitive Strategy: Techniques for Analyzing Industries and Competitors," published in 1980. This book introduced the five forces framework, a tool now fundamental to business strategy. more Michael E. Porter, born May 23, 1947, is a leading authority on competitive strategy and economic development. He is best known for his seminal work, "Competitive Strategy: Techniques for Analyzing Industries and Competitors," published in 1980. This book introduced the five forces framework, a tool now fundamental to business strategy. In 1985, Porter further advanced the field with "Competitive Advantage: Creating and Sustaining Superior Performance," introducing the concept of the value chain. Porter has also significantly contributed to the theory of clusters in regional economic development, particularly through his 1990 work, "The Competitive Advantage of Nations." He has held a long-standing professorship at Harvard Business School, where he continues to influence business strategy and economic policy. less

Popular Quotes

"The essence of strategy is choosing what not to do"

Tags: Focus, Strategy, Decision-making, Business, Planning

"A company’s success depends on the performance of its activities as compared to its rivals"

Tags: Competition, Business strategy, Competitive advantage, Business success, Market competition

"Good leaders identify distinct paths and approach the same goal with different strategies"

Tags: Innovation, Leadership, Goals, Vision, Strategy

"The fundamental task in strategy is to find a way of achieving a sustainable competitive advantage over your rival or rivals"

Tags: Strategy, Competition, Business strategy, Sustainability, Strategic planning

"Competition on dimensions like quality or cost is mutually destructive and does not lead to the creation of sustainable advantage"

Tags: Business strategy, Competitive advantage, Value creation, Long-term success, Competitive strategy

"The most important thing in strategy is to make sure that you have a really clear strategic positioning"

Tags: Strategy, Goal setting, Clarity, Business strategy, Management

"A company can outperform rivals only if it can establish a difference that it can preserve"

Tags: Strategy, Competitive advantage, Business success, Long-term strategy, Competitive strategy

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

Tags: Strategy, Business, Competition, Planning, Unique

"The worst error in strategy is to compete with rivals on the same dimensions"

Tags: Innovation, Strategy, Competition, Business strategy, Strategic planning

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

Tags: Focus, Strategy, Decision-making, Business, Business strategy

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

Tags: Focus, Strategy, Decision-making, Goal-setting, Business

"The root of the problem is internal; the problem is the way management selects and implements strategy. Excellence in execution requires a dedicated and focused effort."

Tags: Leadership, Dedication, Strategy, Business strategy, Excellence

"The more benchmarking companies do, the more they look alike."

Tags: Innovation, Business, Competitiveness, Corporate strategy, Business practices

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

Tags: Strategy, Decision making, Business strategy, Choices, Strategic thinking

"Sound strategy starts with having the right goal."

Tags: Success, Leadership, Strategy, Decision-making, Goal-setting