Quotes By Michael Porter
Change brings opportunities. On the other hand, change can be confusing.
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Finally, strategy must have continuity. It can't be constantly reinvented.
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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.
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Strategy 101 is about choices: You can't be all things to all people.
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The ability to change constantly and effectively is made easier by high-level continuity.
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The essence of strategy is choosing what not to do.
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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.
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The underlying principles of strategy are enduring, regardless of technology or the pace of change.
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