When a company provides superior value by leading its industry in price and convenience,it has obtained what is called .
A)operational excellence
B)product leadership
C)employee intimacy
D)focus leadership
E)employee excellence

Question

Quizplus · Accepted Answer

Operational excellence refers to a company's ability to provide superior value through efficient operations and processes, resulting in lower costs and higher convenience for consumers. This is achieved by continuously improving processes and eliminating waste, ultimately enabling a company to lead its industry in price and convenience. Product leadership refers to a company's ability to provide innovative and superior products, while employee intimacy and focus leadership are not related to this concept. Employee excellence may be a factor in achieving operational excellence, but it is not the primary driver.

When a Company Provides Superior Value by Leading Its Industry