What Are Industry Key Success Factors (KSFs)? Why Is It

question 83

Essay

What are industry key success factors (KSFs)? Why is it important for strategy makers to have a clear understanding of an industry's KSFs?

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Definitions:

Official Definition

An explicitly stated and widely accepted explanation or meaning of a word or concept, often provided by a reputable or governing authority.

Low-Income Cut Off

A threshold used by researchers and policymakers to define the income level below which a family or individual is considered to be living in poverty.

Poverty

The state of having insufficient financial resources to meet the basic needs of living, including food, shelter, and healthcare.

Functionalists

A rephrased term for the functionalist perspective, emphasizing the sociological theory that views society as composed of interrelated parts working together for the greater harmony and stability of the whole.