Is there a system that will run Microsoft Office efficiently?

I have a Mac Mini with 4G RAM. I have Microsoft Office for Mac installed and have upgraded to Mountain Lion. My system is painfully slow. Since I use it for business, this is intolerable. Will and upgraded system be any better? Or is Mac just not capable of handling Microsoft Office (including Outlook) efficiently?

You may need a newer version of Office.
Or, forget about Microsoft entirely and use any number of better alternatives. Running Microsoft junk on a Mac is likely to result in it performing like a Windows PC, which is to say, not well.
LibreOffice (donation-supported)
NeoOffice ($10 but older version is free if you can find it)
OpenOffice (completely free)
Numbers ($19.99)
Pages ($19.99)
All of the above run exceptionally well on a 4 GB MacBook Air.

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