Business Strategy Basic Concept Strategic fit The concept of strategic fit states that to maximize competitive advantage a firm must match its capabil
{"Image DocumentName": "Business Strategy Basic Concept", "Image ImageDescription": "Strategic fit. The concept of strategic fit states that to maximize competitive advantage a. firm must match its capabilities and resources to the opportunities available. in the external environment. As Hofer and Schendel (1986) conclude: \u2018A critical aspect of top management\u2019s work today involves matching organizational competences (internal resources and skills) with the opportunities and risks created by environmental change in ways that will be both effective and efficient over the time such resources will be deployed.\u2019", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}