Preview

What is strategy

Good Essays
Open Document
Open Document
3328 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What is strategy
Strategy is creating fit among organization’s activities. As a whole, organization finds its competitive value by positioning and integrating Fit into all its activities.

Operation effectiveness and strategy works differently but co-relate with one another to work towards the same company goal – profitability.

Yet many organizations are caught up in improving their operational effectiveness or seeking fast and easy growth; that they have forgotten the "value" that they can offer to their clients; that unique difference that they can preserve allowing them to stand up against the rest.

Operational effectiveness is doing the same routine that the industry is doing yet be able to perform better. This would means that by optimizing the same resources, they can leverage on advanced technology, employee skill upgrade or incentive to bring result delivery to the next high level. While cost and profit is the key drive of an costs. C x
For example, in the past, call centre agents are tasked to handle all inquiries after languages selection, and these would mean huge overhead, new facilities and many more. But now, with the implementing of advanced technology they are able to shift enquiries to self help services and transferring only complicated enquiries to available agents. However, this service standard has been mimicked globally. That is why it is self- explanatory that operation effective alone is not sufficient. Once you set a standard out there, industry players benchmark themselves against it and raised their bar of efficiency. With no unique value, the other differentiator would be cost leading to lean profit.

But when an organization coupled efficiency and a wise strategy; it will be able to withstand competition and create its own share of market segment. It is done by assuming what the market want and coming up with new innovative activities or idea; normally based on a bold assumption and

You May Also Find These Documents Helpful

  • Good Essays

    Organizations today use creativity and innovation to change the products and services they provide to accommodate market demands. Companies may have difficulty with changes if there is no consideration for a competitive advantage or plans to transform and adjust their company to accommodate the demands for innovation of products and services for consumers. Organizations will conform to changes or transformation to achieve an economical advantage in business…

    • 1072 Words
    • 5 Pages
    Good Essays
  • Better Essays

    References: Chase, R. B., Jacobs, F. R., & Aquilano, N. J. (2006). Operations Management for Competitive Advantage (11th ed.). Retrieved from https://portal.phoenix.edu/classroom/coursematerials/ops_571/20101130/…

    • 1032 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Rize Documentary

    • 528 Words
    • 3 Pages

    So what is Strategy? Strategy is how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.…

    • 528 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    * Efficiency and Effectiveness – can result in a business being more efficient, more organised and more…

    • 2169 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    An organization should strive for unique characteristics in order to distinguish themselves from competitors in the eyes of the consumer for a long period of time. Thus, it is the ability to offer superior customer value on an enduring or consistent basis, a situation in which competitors are unable to easily imitate the firm’s capacity for value creation. Acquiring and preserving competitive advantage and superior performance are a function of the resources and capabilities brought to the competition. These capabilities, resulting from learning processes implies an improvement in response capacity through a broader understanding of the environment.…

    • 1172 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Author of the article, "What is strategy?" reasoning based on the assumption that a company if a company can have a strong position, and be able to combine different activities can create sustainable competitive advantage which can lead a firm towards profitability and sustain its position in the market.…

    • 437 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    In determining what a strategy is, it is important to differentiate between competitive strategy and operational effectiveness. Whereas operational effectiveness involves performing similar activities better than rivals, strategy focuses on choosing to perform activities that are distinctively different from that of the competitor. Improving operational effectiveness allows a company to utilize its inputs better but in the long run, companies outperform rivals by developing and maintaining competitive advantage through the performance of activities that are distinct from competitors and valuable to clients.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Best Essays

    CLULOW, V., BARRY, C. and GERSTMAN, J., 2007. The resource-based view and value: the customer-based view of the firm. Journal of European Industrial Training, 31(1), pp. 19-35…

    • 3932 Words
    • 12 Pages
    Best Essays
  • Good Essays

    In the text there were many examples of how companies implemented operational excellence by using better systems. An example of such would be how warehouses operated prior to year 2000. In many cases orders were placed by buyers over the phone or online and then sent to warehouses where orders were then picked from a large warehouse containing millions of different items. Post 2000 most companies now use systems that allow orders to be directly sent to robotic pickers that then pick orders directly off the warehouse floor, label them appropriately with tracking numbers and shipping information, and place them on trucks for shipment. This form of operational excellence has allowed companies like EBAY and Amazon to develop purchasing processes that are cost efficient and timely.…

    • 324 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Operation strategies are developed from the competitive factors of a company, which are low cost, high quality, fast delivery, flexibility, and service (Davis et al, 2002). In order to help a company to decide which competitive factors to focus on, it depends on order winners and order qualifiers, which are concepts developed by Terry Hill, a professor at Oxford University (Reid & Sanders, 2007). According to APICE Dictionary (2008) order winners are “those competitive characteristics than cause a firm’s customers to choose that firm’s goods and services over those of its competitors. Order winners can be considered to be competitive advantage for the firm. Order winners usually focus on one (rarely more than two) of the following strategic initiatives: price/cost, quality, delivery speed, delivery reliability, product design, flexibility, after-market service, and image (as cited in Simister, 2011,…

    • 949 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Many companies can successfully survive and even become the market leader because they have a solid operational strategy. They are able to compete with their business opponents, and because they have a solid strategy, they can surpass their business opponents. Because of that operational strategy is very important in a business.…

    • 3381 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Creating Shared Value is a principle for doing business founded on the conviction that shareholder interests and the interests of society must be aligned in order to achieve long-term business success. Creating Shared Value which is integrally linked to our core business strategies and operations means going beyond sustainability, to create value for shareholders and society.…

    • 2287 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    The Internal

    • 295 Words
    • 2 Pages

    * Over time, rival use their own unique resources, capabilities, and core competencies to duplicate the focal firm’s ability to create value for customers.…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Operational excellence in middle and back office Employ digital technologies in the middle and back office to reduce overheads within the value chain and create a flexible…

    • 1047 Words
    • 5 Pages
    Good Essays
  • Good Essays

    An organization can best achieve significant competitive advantage by focusing on operational excellence, which can be described as smart, agile and aligned.…

    • 2084 Words
    • 13 Pages
    Good Essays