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fit and position

See Also

theory of business [3] strategic focus [4] Hedgehog Concept [5] strategic intent [6] organizational purpose [7]

Definition

Michael Porter's description for what is at the core of a successful strategy, where strategy is creating fit among company activities.

Elements of fit and position --

  • Strategic positions should have a horizon of a decade or more
  • Continuity fosters improvements in individual activities and fit across activities...
  • ...this allows an organization to build unique capabilities and skills tailored to its strategy
  • Continuity reinforces identity

Source: Porter, 1996

Source URL:https://managingresearchlibrary.org/glossary/fit-and-position#comment-0

Links
[1] https://managingresearchlibrary.org/knowledge/blog/lexicon [2] https://managingresearchlibrary.org/about [3] https://managingresearchlibrary.org/glossary/theory-of-business [4] https://managingresearchlibrary.org/glossary/strategic-focus [5] https://managingresearchlibrary.org/glossary/Hedgehog-Concept [6] https://managingresearchlibrary.org/glossary/strategic-intent [7] https://managingresearchlibrary.org/glossary/organizational-purpose