"Strategy 101 is about choices: You can't be all things to all people"
- Michael Porter
About this Quote
This quote by Michael Porter is highlighting the significance of making tactical decisions. It is impossible to please everybody, so it is important to focus on what is crucial and make decisions that will benefit the organization in the long run. Strategy 101 has to do with comprehending the compromises that feature making choices and being able to prioritize the needs of the company. It is necessary to understand the ramifications of each decision and how it will impact the organization in the future. By making tactical choices, companies can focus on their core proficiencies and develop a competitive advantage. Eventually, Strategy 101 is about making the ideal options and comprehending the repercussions of those decisions.
This quote is written / told by Michael Porter somewhere between May 23, 1947 and today. He was a famous Educator from USA.
The author also have 20 other quotes.
"The opportunity to create a small world between two pieces of cardboard, where time exists yet stands still, where people talk and I tell them what to say, is exciting and rewarding"
