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:

Cultural Competency

Proficiency in grasping, communicating, and successfully relating to people from various cultures.

Time and Schedules

The organization and planning of activities or tasks within designated periods to ensure efficient use of time and adherence to deadlines.

Punctuality

The quality or habit of being on time to appointments, meetings, or events, reflecting reliability and respect for others' time.

U.S. Businesses

Companies and enterprises operating within the United States, subject to its regulatory, economic, and market conditions.