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Essay

What Is Strategy?

Essay specific features

 

Issue:

Business

 

Written by:

David M

 

Date added:

October 5, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 935

 

Was viewed:

9755 times

 

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Essay content:

Even though they continuously chase increased productivity, quality and overall speed, which consequently results in an endless list of management tools, such as benchmarking, total quality management and outsourcing, the reality of the matter is that these operational tools only signify that they are performing similar activities better than the immediate competition performs them...
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Moreover, these efforts do not necessarily translate to increased returns. In fact, the movements towards productivity gains only result in an overall industry effectiveness, which in turn benefits the ultimate customer, not the actual company. Therefore, for a company to truly excel, instead of losing that temporary advantage quickly to the imitation of their competitor, it must go beyond operational effectiveness, since it has proven insufficient in today’s competitive world...
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