Topmusicanswers
Strategic fit means that both the competitive and supply chain strategies have the same goal. It refers to consistency between the customer priorities that the competitive strategy hopes to satisfy and the supply chain capabilities that the supply chain strategy aims to build.
- What strategic fit means?
- What is a strategic fit example?
- How do I get strategic fit?
- What is the purpose of strategic fit?
What strategic fit means?
Strategic fit expresses the degree to which an organization is matching its resources and capabilities with the opportunities in the external environment. The matching takes place through strategy and it is therefore vital that the company has the actual resources and capabilities to execute and support the strategy.
What is a strategic fit example?
A variety of cost-saving opportunities (or economies of scope) can arise from market-related strategic fit: using a single sales force for all related products rather than separate sales forces for each business, advertising related products rather than separate sales forces for each business, advertising related ...
How do I get strategic fit?
To achieve strategic fit, a company must first understand the needs of the customers being served understand the uncertainty of the supply chain and identify the implied uncertainty. The second step is to understand the supply chain‟s capabilities in terms of efficiency and responsiveness.
What is the purpose of strategic fit?
Strategic fit evaluates the current performance of an organization/industry. This is necessary to evaluate how the organization is capable to achieve its external demands. To evaluate these organizational capabilities, this paper developed few models of strategic fitness.
