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

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

" 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. "

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

" Innovation is the central issue in economic prosperity. "

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

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

" 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. "

" 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. "

" 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. "

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

" 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. "

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

" 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. "

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

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

" 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. "

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

" 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. "

" 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. "

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

" 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. "

" 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. "

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

" 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. "

" 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? "

" Sound strategy starts with having the right goal. "

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

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

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

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