5 Questions
What does operational effectiveness mean in the context of competitive advantage?
Performing activities better than rivals, such as faster or with fewer defects
In the 1970s and 1980s, what practices did Japanese firms demonstrate to show operational effectiveness?
Total quality management and continuous improvement
What are the basic units of competitive advantage according to the text?
The myriad activities involved in creating, producing, selling, and delivering a product or service
What is the core idea of 'What Is Strategy' according to the article summary?
The myriad activities are the basic units of competitive advantage
What is NOT mentioned as a demonstration of operational effectiveness in the text?
Cost-cutting and downsizing
Test your understanding of Michael E. Porter's concept of strategy with this quiz. Explore key ideas from the Harvard Business Review article "What Is Strategy" and deepen your knowledge of strategic management.
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