"If you want to make God laugh, tell him about your plans."
-Woody Allen
-Woody Allen
Today, at the Davos economic summit, Professor Michael Porter of Harvard Business School, fielded questions on Squawk Box, regarding the current business environment. Some of his answers:
- '...we are not necessarily organized to do strategic thinking...'
- '...we don't make long-term plans...'
- '...if an industry competes on price alone, profitability suffers.'
- '...other countries have a long-term plan. It's written down.'
- 'Sound long-term strategy is effectively how you're going to deliver unique value.'
Let's hope they at least get CNBC.
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