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" 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. "

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" 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

Task

Done

Always

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

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

" 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. "

" 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. "

" 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. "

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

" 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. "

" 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. "

" 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. "

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

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

" Innovation is the central issue in economic prosperity. "

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

" 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. "

" 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. "

" 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. "

" 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. "

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

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

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

" Sound strategy starts with having the right goal. "

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

" 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. "

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

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

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

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

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

" 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. "