Operational efficiency is not strategy

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Reference no: EM133837269

Question

In strategy, often there are no right or wrong approaches. There is doing and learning from doing - if an action works, it leads to a successful strategy. If it doesn't, firms need to learn from their failure and quickly pivot. Porter has long argued that "Operational Efficiency isn't Strategy". Do you agree with this statement? Why or why not? Make your arguments using examples. For instance, if you say operational efficiency is in fact strategy, give me examples of firms/industries that use this approach, and why they have been successful (and vice versa).

Reference no: EM133837269

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