Quotes on strategy

Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Disruptive technologies typically enable new markets to emerge.

Culture eats strategy for breakfast.

The first rule in decision-making is that one does not make a decision unless there is disagreement.

There is only one valid definition of business purpose: to create a customer.

There is surely nothing quite so useless as doing with great efficiency what should not be done at all.

What gets measured gets managed.

Business success contains the seeds of its own destruction. Success breeds complacency. Complacency breeds failure. Only the paranoid survive.

A strategic inflection point is a time in the life of a business when its fundamentals are about to change. The change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end.

There are no silver bullets for this, only lead bullets.

You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.

The essence of formulating competitive strategy is relating a company to its environment.

The essence of strategy is choosing what not to do.

Appear weak when you are strong, and strong when you are weak.

Keep your friends close, and your enemies closer.

If you know the enemy and know yourself, you need not fear the result of a hundred battles.