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MG-ED-DV Digest - 15 Nov 1997 to 16 Nov 1997

  • 1.  MG-ED-DV Digest - 15 Nov 1997 to 16 Nov 1997

    Posted 11-19-1997 13:53
    To the person who inquired after the meaning of the concept "key
    success factors":

    The concept, as used in the strategy literature refers to specific
    industries and what each company in the industry must do in order to
    be successful. I quote from Thompson and Strickland's text,
    _Strategic Management Concepts and Cases_ eighth edition, page 84: "
    An industry's 'key success factors (KSFs)' are the strategy-related
    action approaches, competitive capabilities and business outcomes that
    every firm must be competent at doing or must concentrate on achieving
    in order to be competitively and financially successful."

    I hope this helps.

    Annette Berger
    Assistant Professor
    University of Northern Iowa
    Annette.Berger@uni.edu