Asked by Nicholas Paradas on Jun 05, 2024
Verified
Which of the following has the strategy "I can do the same thing more efficiently than you can"?
A) Cost leader
B) Customer oriented
C) Differentiation
D) Innovation
E) Operational effectiveness
Operational Effectiveness
The ability of an organization to execute its operations more efficiently than its competitors, often by optimizing internal processes.
Cost Leader
A strategy or company that aims to achieve a competitive advantage by reducing operational costs and offering lower prices than competitors.
Efficiently
Performing or functioning in the best possible manner with the least waste of time and effort.
- Acknowledge the strategies businesses can leverage to capture a competitive lead, like cost leadership, differentiation, and innovation.
Verified Answer
JS
jaleesa seslerJun 06, 2024
Final Answer :
E
Explanation :
Operational effectiveness involves performing similar activities better than rivals, which directly aligns with the strategy of doing the same thing more efficiently.
Learning Objectives
- Acknowledge the strategies businesses can leverage to capture a competitive lead, like cost leadership, differentiation, and innovation.