Book Review. Review Accounting, Finance, SPSS Assignment

Book Review
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Book Review
Many companies in the business world have failed due to ignorance in knowing the difference between operational effectiveness and strategy. Both aspects play essential roles in the achievement of goals through various plans such as incarnation of quality management and benchmarking activities to know how excellent competitors achieve their objectives. However, managers must understand the difference between strategy and operational effectiveness to avoid failure and ensure continued success and achievement of goals through the right implementation of business activities. In this case, the understanding gives business people an added advantage of always outperforming their competitors and achieving excellent performance in all activities. The variation between operational effectiveness and strategy brings yields the different performance rates in various firms. Although different forms might be in a similar industry, they indulge in varying business activities, resulting in the differences in the ultimate performance of the organizations. While operational effectiveness is performing related tasks but in better ways to the competitors, strategy indulges choosing and following different activities in operation to yield a unique and quality outcome that can survive sufficiently in the competitive markets.
Although business units can quickly establish excellent positions leading to the achievement of competitive advantages, they need to find appropriate ways to maintain the levels and ensure that the rivals do not outperform them. They should achieve the best position in aspects like the production of high-quality goods and services, and attracting potential customers is not the ultimate goal because competitors are always on the lookout for benchmarking. In this case, the trick used to achieve operational effectiveness can be applied by other firms, resulting in high competition and an iteration of low chances of survival in the market. Business units should involve efficient strategies to ensure excellent performance even in the face of competition.
Airbnb
One of the unique qualities that Airbnb offers is the personal connections that it enables via its platform. One of the major issues highlighted by Michael Porter is the presence of a unique value proposition. This is greatly enhanced by his inclusion of fitting across the value c...