"strategic fit"
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Should entrepreneurs attempt to achieve "strategic fit" and use the available resources to gain a strategic competitive advantage?
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The solution discusses if entrepreneurs should attempt to achieve "strategic fit" and use the available resources to gain a strategic competitive advantage.
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Strategic fit indicates how well the firm's mission and strategies fit its internal capabilities and its external environment. An entrepreneur should definitely attempt to achieve strategic fit to gain competitive advantage over others.
Reference: http://www.planningskills.com/glossary/84.php
Most businesses jump from idea to execution without properly researching and understanding whether they truly have a strategic fit in the market. Emotion, ego, lack of discipline or education, or just plan ...
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- MBA, Rochester Institute of Technology
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