Michael Porter

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

— Michael Porter

#behind #billions #business #decades #ineffective

Companies operating in urban communities have a tremendous ripple effect. ↗

— Michael Porter

#companies #effect #operating #ripple #tremendous

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

#companies #continuity #continuously #good #hand

Sound strategy starts with having the right goal. ↗

— Michael Porter

#having #right #sound #starts #strategy

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

— Michael Porter

#change #constantly #continuity #easier #effectively

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

— Michael Porter

#chief #leader #organization #strategist

The company without a strategy is willing to try anything. ↗

— Michael Porter

#company #strategy #try #willing #without

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

— Michael Porter

#essence #limits #must #set #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

#consistent #continuity #continuous #direction #each

Innovation is the central issue in economic prosperity. ↗

— Michael Porter

#economic #economic prosperity #innovation #issue #prosperity