Michael Porter Draws a Firm Distinction Between Operational Effectiveness and a Strategy

question 84

Essay

Michael Porter draws a firm distinction between operational effectiveness and a strategy. Briefly describe this distinction and identify when a company can claim that it has a strategy.

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Definitions:

New Deal Era

A period in the United States during the 1930s when President Franklin D. Roosevelt's administration implemented a series of programs and policies aimed at recovering from the Great Depression.

Craft Unions

Organizations of skilled workers in the same trade or craft aiming to negotiate collectively for better wages, working conditions, and hours.

Industrial Unions

Unions that organize workers across all crafts and trades within a single industry.

New Deal Era

A period in American history during the 1930s in which President Franklin D. Roosevelt implemented a series of economic interventions designed to recover from the Great Depression, including job creation programs, financial regulations, and social welfare initiatives.