 Fit to Be AdoptedRaphael H Cohen Chapter 6 in Pre-Project Excellence, 2024, pp 63-68 from Springer Abstract: Abstract Since ISO 56007 recommendations include several selection criteria for ensuring company alignment, this chapter provides additional insights on the concept of Strategic or Investor fit. It stresses the importance of verifying the Strategic fit as a prerequisite for Investor buy-in and the need for the project to align with the Investor’s Mission, strategy, image, and brand. The chapter also highlights the contribution of the Opportunity to the company’s Key indicators of Success (KISs) and/or key performance indicators (KPIs). It suggests that organizations should establish criteria to verify if a project fits their strategy and emphasizes the need for a Mission/KPI filtering process to guide employees and encourage innovation. Failing that can hinder innovation and performance. Sharing these criteria with employees gives them permission to take initiatives that are collectively aligned with the strategy. Keywords: Investor buy-in; Corporate fit; Strategic fit; Project success; Investor’s strategy; Image; Brand; Corporate mission; Key performance indicators (KPIs); Opportunity; Criteria; Mission; Innovation; IpOp Model; Pre-project; ISO 56007; Unknowns; Investor fit; Key Indicators of Success (KISs) (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-61774-4_6 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-61774-4_6 Access Statistics for this chapter More chapters in Future of Business and Finance from Springer |
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