Why there has to be a fit between strategy and organisation?
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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.
Explanation:
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.
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Explanation:
- The degree to which a business is aligning its resources and talents with the opportunities in the external environment is expressed by its strategic fit.
- The organisation must therefore have the actual resources and competencies to implement and support the plan because the matching is done through strategy.
- Organizations that are aligned make decisions more quickly and execute them with less delay.
- Employees may concentrate on completing tasks rather than trying to figure out who is responsible for what and who should be considered when making decisions thanks to organisational alignment.
- Setting a direction for the company and its personnel is called strategic management.
- Effective strategic management continuously plans, monitors, and tests an organization's activities, as opposed to making strategic plans that are done and dusted.
- This leads to increased operational efficiency, market share, and profitability.
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