Strategic Fit is Like a Tailor Made Suit

Strategic Fit
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Strategic Fit > Best Practices

Schoenborn, Management Consultant, Germany
With regard to the definition of the term “strategic fit” there is a great array of various articles, etc. As a common sense, strategic fit can be viewed as a tailor made suit: it is highly company specific and is therefore not eligible to be transferred from one company to another even within the same industry. This is because a strategic fit consists of the components:
  • Choice and application of a strategy paradigm (for each division)
  • Corresponding strategy approach
  • Strategy content
  • Derived strategy measures
  • Identification of corresponding success factors (internal & external)
  • Execution
  • Corresponding strategy controlling which implies specific KPIs and monitoring of success factors
Strategic fit is the pinnacle of hard, strategic work and is not carved in stone! Markets are subject of continuous changes which affect the strategic fit, therefore strategy work requires constant monitoring and incremental adjustm (...) Read more? Sign up for free

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  Wilfredo E. Taveras C., Financial Consultant, Dominican Republic
 

Strategic Fit, Resources and Subjective Factors

I would like to add some ideas in my mind to the g (...)

 
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Strategic Fit is Like a Tailor Made Suit
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