Situational vs Niche - What's the difference?
situational | niche |
(architecture) A cavity, hollow, or recess, generally within the thickness of a wall, for a statue, bust, or other erect ornament. Hence, any similar position, literal or figurative.
(biology) A function within an ecological system to which an organism is especially suited.
(by extension) Any position of opportunity for which one is well-suited, such as a particular market in business.
An arrow woven into a Muslim prayer rug pointing in the direction of Mecca.
To specialize in a niche, or particular narrow section of the market.
* 2002 , Frederick Betz, Executive Strategy (page 92)
As an adjective situational
is of or pertaining to a particular situation.As a noun niche is
a cavity, hollow, or recess, generally within the thickness of a wall, for a statue, bust, or other erect ornament. Hence, any similar position, literal or figurative.As a verb niche is
{{cx|transitive|marketing|lang=en}} To specialize in a niche, or particular narrow section of the market.niche
English
(wikipedia niche)Noun
(en noun)- "Images defended from the injuries of the weather by niches of stone wherein they are placed." --Evelyn.
Synonyms
* (position of opportunity) specialty, specialization,Derived terms
* fundamental niche * niche marketSee also
*Verb
- Product differentiation will be mostly limited to market niching and fashion.