How do you achieve strategic fit?

Key Point To achieve strategic fit, a firm must tailor its supply chain to best meet the needs of different customer segments. To retain strategic fit, supply chain strategy must be adjusted over the life cycle of a product and as the competitive landscape changes.

What is the first step in achieving strategic fit between competitive and supply chain strategies?

The first step in achieving strategic fit between competitive and supply chain strategies is to understand customers and supply chain uncertainty. Uncertainty from the customer and the supply chain can be combined and mapped on the implied uncertainty spectrum.

What is a strategic fit model?

Strategic fit evaluates the current performance of an organization/industry. This is necessary to evaluate how the organization is capable to achieve its external demands. To evaluate these organizational capabilities, this paper developed few models of strategic fitness.

What are the three steps to achieve strategic fit?

Terms in this set (3)

1. step 1 (Understand the customer and supply chain uncertainty) -Identify the needs of the customer segment being served.
2. step 2 (Understand the supply chain capabilities) Supply chain responsiveness: The ability to – Respond to wide ranges of quantities demanded.
3. step 3 (Achieve strategic fit)

What happens if there is not a strategic fit?

Lack of Objectives Without a coherent strategy, your company does not have identifiable business objectives. Your company lacks the focus needed to achieve corporate goals and develop plans that will move the company forward. A lack of objectives means that your company does not have a clear vision for the future.

What are the elements of strategic fit?

The basic fundamental elements of strategic fit are: act of matching, a fit, and integrating should be present as a prerequisite for the merger or acquisition to work at all. If the chain element is missing the set goals could be hard to reach.

What are the types of strategic fit?

There are three types of fit, which are not mutually exclusive:

• First-order fit: Simple consistency between each activity (function) and the overall strategy.
• Second-order fit: Occurs when activities are reinforcing.
• Third-order fit: Goes beyond activity reinforcement to what Porter refers to as optimization of effort.

Which of the following should be accomplished to achieve strategic fit?

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals. Because demand and supply characteristics change, the supply chain strategy must change over the product life cycle if a company is to continue achieving strategic fit.

What does strategic fit mean quizlet?

What does strategic fit mean? Corporate strategy should have as little effect as possible on the current organizational culture.

What is strategic stretch?

Strategic Stretch refers to the planning period adopted by an organisation or company while Straregic Intent refers to the sratement of desired organisational leadership that an organisation intends or wishes to achieve in future.

What percentage of strategies fail?

Many studies have concluded that the vast majority of strategic planning fails, up to 67 percent actually. In part, it’s because the traditional way of thinking about strategic planning is totally backward.

How to achieving strategic fit?

Hire a subject expert to help you with Achieving Strategic Fit These include SWOT, value chain analysis, cash flow analysis and more. Benchmarking with relevant peers is a useful tool to assess the relative strengths of the resources and capabilities of the company compared to its competitors.

What is strategic fit in supply chain management?

Achieving Strategic Fit  Strategic fit: – Consistency between customer priorities of competitive strategy and supply chain capabilities specified by the supply chain strategy – Competitive and supply chain strategies have the same goals© 2004 Prentice-Hall, Inc. 2-1 2.

When the focus strategy is concerned with the future?

When the focus strategy. strategy. Defining the competitive strategy of an organization requires identifying or predicting the behavior of its customers, supp liers, and competitors. However, if there is the environmental uncertainties increase. Becaus e the strategy is concerned with the future,