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.

Michael Porter

Work War Society

The essence of strategy is choosing what not to do.

Michael Porter

T Strategy Sing

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

Michael Porter

Trade T Strategy

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

Men You Wit

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

Michael Porter

You Things Thing

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

Michael Porter

You Yin Us

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

Michael Porter

Change Using Us

The company without a strategy is willing to try anything.

Michael Porter

Without Wit Willing

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

Michael Porter

Teacher Teachers Teach

Innovation is the central issue in economic prosperity.

Michael Porter

T Sue Prosperity

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

Success Your You

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

Michael Porter

Technology Change Yin

There's a fundamental distinction between strategy and operational effectiveness.

Michael Porter

Men UN Tin

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.

Michael Porter

Work War Society

Sound strategy starts with having the right goal.

Michael Porter

Art Wit UN

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

Michael Porter

Vent Us Tin

Good leaders need a positive agenda, not just an agenda of dealing with crisis.

Michael Porter

Positive Good Age

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

Technology Your You

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

Michael Porter

Which Unique UN

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

Good Very Us

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

Michael Porter

Change Tin Tan

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

Michael Porter

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.

Michael Porter

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.

Michael Porter

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.

Michael Porter

Ultimately, health care fails the most basic test. It's not organized around the needs of the patient.

Michael Porter

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.

Michael Porter

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.

Michael Porter

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.

Michael Porter

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.

Michael Porter

The chief strategist of an organization has to be the leader - the CEO.

Michael Porter

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?

Michael Porter

Companies operating in urban communities have a tremendous ripple effect.

Michael Porter

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.

Michael Porter

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.

Michael Porter

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.

Michael Porter

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.

Michael Porter

I'm really puzzled by why people in societies find it difficult to work collaboratively together with other people in societies.

Michael Porter

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.

Michael Porter