Definition, Meaning & Synonyms
strategic-fit
noun
/strəˈtɛd͡ʒɪk fɪt/
Definition
The degree to which an organization’s objectives and capabilities align with its environment and market opportunities.
Examples
- Identifying strategic fit is crucial during mergers and acquisitions.
- Companies often reassess their strategic fit when entering new markets.
- A strong strategic fit can lead to improved business performance.
Meaning
Strategic fit refers to how well a company’s strengths and goals align with the external demands and opportunities in the marketplace, ensuring efficient resource use and competitiveness.
Synonyms
- Alignment
- Consistency
- Synchronization
- Compatibility
