BNET Business Dictionary
Business Definition for: Strategic Fit
- the extent to which the activities of a single organization or of organizations working in partnership complement each other in such a way as to contribute to competitive advantage. The benefits of good strategic fit include cost reduction, due to economies of scale, and the transfer of knowledge and skills. The success of a merger, joint venture, or strategic alliance may be affected by the degree of strategic fit between the organizations involved. Similarly, the strategic fit of one organization with another is often a factor in decisions about acquisitions, mergers, diversification, or divestment.
- Also known as Strategic Alignment
Additional Resources
- Establishing a Strategic Partnering Relationship
- Strategic partnership agreements—whether short- or long-term—allow organizations to take advantage of market opportunities and respond to customer needs in collaboration, doing it more efficiently and effectively than they could alone."Collaboration is the process by which partners adopt a high level of purposeful cooperation to maintain a trading relationship over time....
- Articles 2007-11-19
- The Value Of Person-Organization Fit
- The ‘heart' of every hiring process is establishing a ‘perfect' fit between the candidate and the job or the organization. Such match is imperative for aligning the individual expectations and goals with that of the organization. This strategic fit helps to create ‘value' for the organization in the long-run. The...
- White papers 2004-05-20
- Toward A Unifying Framework For Exploring Fit And Flexibility In Strategic Human Resource Management
- This paper presents a framework for studying the concepts of fit and flexibility in the field of Strategic Human Resource Management Strategic HRM. It focusses on HRM practices, employee skills, and employee behaviours and reviews past conceptual and empirical work within that framework. A model of Strategic HRM is also...
- White papers 2003-01-01
- WESCO International, Inc. Q1 2008 Earnings Call Transcript
- Question-and-Answer Session[Operator Instructions] And your first question comes from the line of Deane Dray from Goldman Sachs. Please proceed. Deane Dray - Goldman Sachs Thank you. Good morning. I would love to get some commentary regarding the attempt to acquire IDG. Frankly, form the outsider looking in we would...
- Earnings calls 2008-04-24
- Roy Behren and Michael Shannon: How to Make Money from Mergers
- The Merger Fund's managers share their views on the recent surge in corporate takeovers, and how you can profit from it. Professionals use the fairly conservative strategy of merger arbitrage — buying the stock of the firm about to be acquired and ...
- Articles 2009-10-05
- BorgWarner, Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator [Operator Instructions] Your next question will come from line of Rich Kwas with Wachovia. Rich Kwas - Wachovia Securities Hi, good morning everyone. Timothy M Manganello - Chairman and Chief Executive Officer Good morning, Rich. Rich Kwas - Wachovia Securities ...
- Earnings calls 2007-10-25
- Project Portfolio Management And The Strategic Project Office
- The SPO is an organizational entity responsible for mapping strategy to projects and monitoring projects and portfolios to ensure they continue to address strategic initiatives, even as these initiatives change over time. It serves as the critical link between executive vision and the work of the enterprise. The article explains...
- White papers 2003-01-01
- What Revenue Should You Bet On?
- An efficient business plan is imperative for the perennial growth of business. Such a plan should analyze the strategic fit between existing products and markets. Based on the study, suitable growth strategies should be designed and executed. The Ansoff Matrix is an effective tool to study the aforesaid strategic fit....
- White papers 2003-08-05
- Swiss Re taps broker market with Underwriters Re deal.
- NEW YORK -- Swiss Reinsurance Co.'s planned $725 million acquisition of Underwriters Re Group Inc. is a good strategic fit that will enhance Swiss Re's U.S. operations. Although the deal involves the acquisition of a broker market reinsurer by a d NEW YORK...
- Research articles 1999-12-13
- Huntsman Buys Rhodia's Polyols.
- HUNTSMAN CORPORATION has completed its purchase of Rhodia's performance polyether polyol business. Huntsman sees the new business as a strategic fit for its existing polyurethane chemicals business and its ICI PLC's polyurethane chemicals business, HUNTSMAN CORPORATION has completed its purchase of Rhodia's performance...
- Research articles 1999-05-10
- ING baulks at Mawson deal.
- Aug 10, 2006 (Asset - ABIX via COMTEX) -- ING will not merge its Millennium 3 business with the Mawson Group. Colin Morgan, executive director of Colin Morgan, said a due diligence process revealed the lack of "strategic fit" between Mille Aug 10, 2006 (Asset...
- Research articles 2006-08-10
- PROCTER & GAMBLE.
- PROCTER & GAMBLE Co. says it is looking to sell its Prell hair-care brand. "Although Prell is a profitable and highly recognized brand, it is no longer a strategic fit for us," says Rob Matteucci, vice-president and general manager of PROCTER & GAMBLE Co....
- Research articles 1999-06-07
- Caterpillar.(Business News: The Latest Industry News)
- Caterpillar has signed definitive agreements to enter into a global alliance with JLG Industries to produce a full line-up of Caterpillar branded telehandlers. The alliance is a strong strategic fit for both companies and will give Caterpillar dealer Caterpillar has signed definitive agreements to enter into...
- Research articles 2005-12-01
- Is Nestle sweet on L'Oreal?(FINANCIAL NEWS)
- Flush with cash after agreeing to flog its stake in eye-care operator Alcon to Novartis for $39bn, Nestle is now hunting for acquisitions--and L'Oreal, according to some analysts, represents a neat strategic fit. Flush with cash after agreeing to flog its stake in eye-care...
- Research articles 2008-04-18
- GlaxoSmithKline Q2 2007 Earnings Call Transcript
- Question-and-Answer SessionKevin Wilson - Citigroup Yeah, thank you this Kevin Wilson from Citigroup in London. Three questions, if I may, JP. Firstly, in the U.S., the 2% decline in sales in the quarter. Could you break out the volume and any price element you saw, and perhaps also comment...
- Earnings calls 2007-07-25
- Northern Rock selects The Wall Street System for group treasury operations; Implementation is a good fit with bank's strategic plans for growth.
- M2 PRESSWIRE-17 May 2005-Wall Street Systems: Northern Rock selects The Wall Street System for group treasury operations; Implementation is a good fit with bank's strategic plans for growthC1994-2005 M2 COMMUNICATIONS LTD RDATE:17052005 New York and London - Leading provider of global...
- Research articles 2005-05-17
- Strategic Business Planning: Developing Your Business Plan
- The article tries to establish the importance of a strategic plan and the attempts have been made to judge its utility from different point of views. The strategic plan should be made following some basic rules which are given in the article. The discipline of putting the plan in writing...
- White papers 2003-01-01
- Company And Marketing Strategy: Partnering To Build Customer Relationships
- Strategic planning is the process of developing a strategic fit between the long-term organizational goals and the changing environmental factors. Efficient strategic planning ensures success for the organization in the long-run. The paper examines steps involved in strategic planning and discusses marketing's role in strategic planning.
- Presentations 2003-01-01
- Searching For the Right Career Fit
- Remember that children's book Are You My Mother? It's about a baby bird who hatches when his mother is away, and he falls out of the nest. Throughout the book, he searches for his mother, approaching a dog, a plane, a cow, and even a steam shovel and asking them...
- Blog posts 2008-02-06
- EnPro Industries Inc. Q1 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. Operator Instructions. We will go first to Todd Vencil at Davenport and Co. Todd Vencil – Davenport and Co. Good morning guys. Nice quarter. Stephen Macadam Morning. Todd Vencil – Davenport and Co. Steve, welcome aboard. Stephen Macadam ...
- Earnings calls 2008-05-01
