What did Michael Porter mean by: Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs. Michael Porter Economist Copy
+ Strategic thinking rarely occurs spontaneously Author, June 11, 2023January 2, 2025, Michael Porter, Foresight, Intention, Planning, 0 Michael Porter Economist
There’s a fundamental distinction between strategy and operational effectiveness. Author, January 16, 2024January 9, 2025, Michael Porter, Effectiveness, Strategy, 0 Michael Porter Economist
+ The company without a strategy is willing to try anything. Author, October 11, 2023January 2, 2025, Michael Porter, Adaptability, Innovation, Risk-taking, 0 Michael Porter Economist
+ Innovation is the central issue in economic prosperity. Author, September 13, 2023January 2, 2025, Michael Porter, Economic, Innovation, Prosperity, 0 Michael Porter Economist
+ The essence of strategy is choosing what not to do. Author, June 2, 2023January 2, 2025, Michael Porter, Decision-making, Focus, Prioritization, 0 Michael Porter Economist
The best CEOs I know are teachers, and at the core of what they teach is strategy. Author, January 16, 2024January 9, 2025, Michael Porter, Education, Leadership, Strategy, 0 Michael Porter Economist
In the vast majority of businesses, there is simply no such thing as “the best.” Author, January 16, 2024January 9, 2025, Michael Porter, Evaluation, Subjectivity, Variability, 0 Michael Porter Economist
The essence of strategy is that you must set limits on what you’re trying to accomplish. Author, January 16, 2024January 9, 2025, Michael Porter, Boundaries, Focus, Planning, 0 Michael Porter Economist
Our biggest mistakes, were things we didn’t do, companies we didn’t buy. Read explanation Charlie Munger Business person
I won’t bet $100 against house odds between now and the grave. Read explanation Charlie Munger Business person
I won’t undertake war until I have tried all the arts and means of peace. François Rabelais Author · France
Live dangerously. Build your cities on the slopes of Vesuvius. Read explanation Friedrich Nietzsche Philosopher · Germany
