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Not Just Better, but Different – A Quote for the Day from Michael Porter on Strategy

First Friday Book Synopsis

Operational effectiveness (OE) means performing similar activities better than rivals perform them. Operational effectiveness includes but is not limited to efficiency. In contrast, strategic positioning means performing [.]. In contrast, strategic positioning means performing [.].

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Jim Collins, Meet Michael Porter

Harvard Business Review

And that's where Michael Porter enters the picture. Porter's work provides that rigor, as it defines the economic fundamentals of competition and strategy. And most important for managers, Porter's five tests of good strategy can help you to tell the difference between good choices and bad. Jim Collins, meet Mike Porter.

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CMI Hong Kong: updates from the board

Chartered Management Institute

Co-opted Board Member Ms Janice Tai also talked about her journey towards becoming a Chartered Manager and how this accreditation has empowered her career advancement in her position at an international non-governmental organisation. He holds a number of other voluntary positions.

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The Skills Doctors and Nurses Need to Be Effective Executives

Harvard Business Review

Maximizing the effectiveness of physicians and nurses in these new positions, however, will require different skills than the ones they developed during their clinical training. Many clinicians manage a small operation in the form of their own clinical practice or ward before shifting to leading larger operations.

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The Two Questions Every Manager Must Ask

Harvard Business Review

It relates to what Michael Porter meant with being “stuck in the middle”: if you try to come up with a strategy that does everything for everyone, you will likely end up achieving nothing. They modeled their operations on McDonalds: high volume, highly efficient operations, based on division of labor and cost efficiency.

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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

operating rooms, recovery floors, emergency department), and ancillary departments (e.g., Consider, for example, a surgical patient who starts in the pre-operative area, then moves to the operating room, the post-anesthesia care unit, and the inpatient floor, with occasional side trips for imaging, testing, and physical therapy.

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What Business Schools Don???t Get About MOOCs

Harvard Business Review

Michael Porter, the strategy expert, believes that the HBS approach is the right one. The company simply straddled the two channels, without creating any operating linkages across them. This misguided debate over MOOCs can be seen in the contrasting approaches of HBS and Wharton. They say yes; I say no..