What is Strategy? By Michael Porter Business Strategies and Policies Decision Making Rosalyn Blanco Kerly Olivares Carlos Rojas Jose Blas Gomes Juan Carrillo Millennia Atlantic University What is Strategy? By Michael Porter Nowadays in this globalized world and evaluate as advance the transformation of business in the world. Operational effectiveness is no longer enough for companies, analyzing the view of Michael Porter; the strategy is the heart
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What is Strategy? – Michael E. Porter I. Operational effectiveness is not strategy So in the quest to beat competition managers focus on improving quality, speed and productivity all related to operational effectiveness. But in this way, they move further away from viable competitive positions which can only be achieved by an appropriate strategy. Positioning which was once the way to go about beating competition is now rejected, since its too static. Rivals can easily copy the market position
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Paper name: “What is Strategy?” Author: Michael E.Porter During the study process i have red few articles on company strategy planning importance and the process of it's implementation. The paper which is chosen as the base for this work goes under the title “ What is strategy?”, contributed by Michael E. Porter. The main idea of this paper is the importance of company's strategy and operation effectiveness for reaching the corporate goals. The author notes that both are essential for
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What’s Strategy? Introduction The ability to sustain the business in the market is definitely a tough job. That explains why behind every company there is a strategist to come up with innovative ideas to achieve specific goals. The need for a structural organization to grow, a plan such as a unique strategy is needed. A strategy is a unique plan, a long term plan for a structural organization to achieve a targeted goal. It involves unique activities that enhance the organization to outshine from
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Case 1 – (information technology the internet and changing strategies in the fashion world) Question 1. What business model and strategies is Zara pursuing? Answer – Zara uses IT to manage the interface between its design and manufacturing operations efficiently. Zara’s designers closely watch the trends in the high fashion industry and the kind of innovations that the major houses are introducing. Then, by using their information system, which are linked to their supplier and the low cost manufacturers
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DISCUSSION OF MICHAEL E. PORTER’S “WHAT IS STRATEGY?” Discussion of Michael E. Porter’s “What is Strategy?” Key Issues In today’s business, managers are trained and encouraged to focus on effectiveness and benchmark all activities in their business segment. Major goals for department heads are to achieve goals, which are often defined as measurable; for instance expenses, revenues, production numbers, activities per day, and the like. By doing so a company is thought to stay flexible enough
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NAME: NGO VU GIA LINH ID: BABAIU11026 GROUP 1 ASSIGNMENT 1 Why operational effectiveness is not strategy?? The success of organizations is critical by operational effectiveness and strategy because it required better productions than competitors. The flexibility in organization always changes the business and use for benchmarking of measure success but OE can’t be called strategy for many reasons. OE mentioned how best the company can perform in specific activities to win the competitors
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Michael Porter is associated with the positioning school (Mintzberg 2002:23), who‟s analytical approach sees strategy making mainly based on a process to identify drivers(forces) of intra-industry competition and its corresponding barriers. His reasoning is based on the assumption that a company who deliberately choose a position within an industry and at the same time is able to combine activities in a different fashion, can create sustainable competitive advantages that will lead to profitability
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Quek Tzu Fang S8341201A BAM 1st Intake UMSD38 Strategic Management What is Strategy? Introduction Before we look into the above topic, we always need to question ourselves on why do we need strategy? To answer this question, we have to look into the values that organizations seek to create for their group of consumers. We will also look into how values are created and managed. Competition, an ongoing and endless journey for all organizations. Marketers got to constantly look out the market
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to give the organization sustainable profitability. Subsequently, the main driver of the issue is by all accounts disappointment of administration to recognize operational effectiveness and technique: Management instruments have taken the place of strategy. 1) Operational effectiveness is performing similar exercises superior to anything opponents perform them. Operational effectiveness incorporates however is not constrained to effectiveness. It refers to numerous practices that permit an organization
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