Strategic fit refers to:
A)The need for a firm's strategy to be consistent with its vision,mission,and culture
B)The consistency of a firm's strategy with its external and internal environments
C)The need for a firm's strategy to be unique
D)The need for a firm's strategy to fit the needs of all its stakeholders,not just shareholders

Question

Quizplus · Accepted Answer

Strategic fit refers to the consistency of a firm's strategy with its external and internal environments, including factors such as its industry, competitors, resources, and capabilities. It is important for a firm to align its strategy with these factors to be effective and competitive in the market. While the other choices (A, C, and D) may also be important considerations in developing a firm's strategy, they are not the exact definition of strategic fit.

Strategic Fit Refers To