The Execution Premium: Linking Strategy To Operations For Competitive Advantage
Managing Strategy Differs from managing operations. But both are vital, and need to be integrated. As strategy authority Michael Porter has noted, "Operational effectiveness and strategy are both essential to superior performance hut they work in very different ways." A visionary strategy that is not linked to excellent operational and governance processes cannot be implemented. Conversely, operational excellence may lower costs, improve quality, and reduce process and lead times: but without a strategy's vision and guidance, a company is not likely to enjoy sustainable success from its operational improvements alone.