According to American Academic Michael Porter‚ operational effectiveness means performing similar activities better than rivals do. Porter even states in his “What is Strategy?” article “operational effectiveness is necessary but not sufficient.” It is possible to achieve a competitive advantage in this way. However‚ it is not possible to achieve a sustainable competitive advantage in this way. This is what Porter is addressing when he states “operational effectiveness is necessary but not sufficient
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I. Operational Effectiveness Is Not Strategy According to Porter‚ various management tools like total quality management‚ benchmarking‚ time-based competition‚ outsourcing‚ partnering‚ reengineering‚ that are used today‚ do enhance and dramatically improve the operational effectiveness of a company but fail to provide the company with sustainable profitability. Thus‚ the root cause of the problem seems to be failure of management to distinguish between operational effectiveness and strategy: Management
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03.09.2013 Corporate Strategy 1. Explain in your own words what is the difference between Strategy and Operational Effectiveness. The difference is that Operational Effectivenes means performing similar activities better and faster than the rivals‚ by having total quality management and continous improvement; it’s ever evolving‚ meaning that OE can change a lot in just a matter of days or weeks. While with a Strategy‚ it something that will take you months in order to execute it‚ since you
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Operational Effectiveness is not strategy In the world of business today‚ rivals can quickly copy market position‚ and competitive advantage is temporary. The problem is the failure to distinguish between operational effectiveness and strategy. Operational effectiveness and strategy are very important but they work in very different ways. A company can outperform rivals only if they can deliver greater value to customers or create comparable value at a lower cost‚ or do both. We can have cost advantage
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TUTORIAL 1 (Chapter 1) WHAT DOES IT MEAN TO BE A LEADER? Leadership is defined as an influence relationships among leaders and followers who intend real changes and outcomes that reflect their shared purposes. Major research approaches include • Great Man theories‚ • behavior theories‚ • situational theories‚ • influence theories‚ and • relational theories. Today’s leadership involves the shift • from stability to change and crisis management‚ • from
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What does it mean to be a WestJetter? The airline industry rides a train that is propelled by many different factors‚ such as the state of the economy‚ jet fuel prices‚ people’s view of the industry itself and the image of the individual airline entity. Founded by Clive Beddoe‚ Don Bell‚ Mark Hill and Tim Morgan‚ WestJet has been riding a different train from the get-go since its inauguration in 1996‚. Nobody would have thought that a bottom-up management structure in an airline business would
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10/20/2013 Reflection #1 Topic : What Does It to Learn ? This is driving me to think! Gratitude…Pass It On. I think that sometimes when life gets busy the first thing I do is well on what isn’t working. There isn’t enough time to accomplish everything I need to do. I feel like I am spinning out of control trying to find the ever elusive balance and continue to drop every single ball I am juggling in the process. I somehow think that in the hope of being everything I am letting down from the
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What does it mean to be polite? The human being is social since from the beginning of its existence on Earth‚ billions years ago. From that time on‚ we have been living in a society with laws‚ rules and concepts about how to be polite‚ have good manners and good behavior. Although these concepts can change from culture to culture‚ I believe that say “please” or “thank you” to people next us‚ who also make part of our society‚ means to be polite all over the world. Being polite means
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What does it mean to be a hero? Well when I was little ‚ about four to five years old I thought a hero was a person that had a lot of super powers . A superhero like the ones in cartoons like Batman ‚ Power Rangers ‚ Superman‚ Spider-man‚ and 0thers. But as I kept growing I said I always asked myself what is a hero? Is it some famous person‚ super hero or what? I never did quite understand the meaning till about now. Now I completely understand‚ a hero to me is someone who would always be there for
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What does it mean to be an adult? Does accountability make a person an adult? Does learning and improving on past experiences make someone an adult? Will caring for one’s self make somebody an adult? These are all small pieces to the puzzle but there is more to an adult then being a self-reliant‚ hardworking individual that pays their bills on time. In my opinion‚ you can be sixteen years old and be classified as an adult or twenty eight years old and not be an adult. Being an adult means that
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