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:

Virtues Relative

The concept that moral virtues are not universal but vary according to culture, society, or individual perspective.

Society

A group of individuals living together in a more or less ordered community, interacting with each other through established relationships and shared cultural norms.

Human Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy, often considered the ultimate goal or purpose in human life and a key measure of life satisfaction.

Virtue Ethics

An ethical theory that emphasizes the role of an individual's character and virtues in evaluating the morality of actions.