Quiz

Noor Fatima

19p01942

Elaborate the importance of both strategy and operational effectiveness for achieving a sustained
competitive advantage by a modern corporation? Give appropriate examples to justify your answer.

Businesses must a a clear direction as to where they are headed. A strategy helps them focus on a clear
route. It is formed through prioritizing goals and making choices about the right activities and allocating
resources effectively to achieve desired results. Strategy helps provide a framework for decision making,
it is a basis of the whole business. In an industry, strategy is what drives decisions. An efficient plan will
help you determine where your energies and money are best invested by helping organizations
recognize their strengths and weaknesses. To ensure that your company has a profitable and sustainable
future, these decisions are essential.Strategy starts with strategic positioning and then heads into
essential directions that helps businesses make decisions. Strategy could be marketing strategy or sales
where you could have lower costs and effective selling.

Operational effectiveness helps businesses use the maximum of their abilities and inpurts to gain a
competitive advantage over others. An example could be producing products faster than competitors.