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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billions of people one just wants to fit in. This is especially true for a young person. What young person does not want to be considered normal? What does being normal truly look like? Furthermore‚ how is it defined in certain places? What is considered to be normal at home and school?To be considered normal does one have to have a Mom and Dad and siblings and a dog. What about at school? Does being normal mean one is a good student who has lots of friends who share the same interests.What happens
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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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defining what the phrase “Blessed Be” means‚ it’s important to understand the root of the phrase. The word bless‚ as defined by the Merriam Webster Dictionary in the third example‚ means to “invoke divine care for”‚ such as “bless their hearts” or saying “bless you” after someone sneezes. The word bless comes originally from Old English blētsian which came from blōd meaning blood. This is in reference to the use of blood in the dedication of a person/thing to a sacred purpose‚ or what is referred
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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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