Which of the following statements is most correct?
A)KSFs are often necessary,but not sufficient for competitive advantage.
B)KSFs are often sufficient,but not necessary for competitive advantage.
C)KSFs are neither necessary nor sufficient for competitive advantage.
D)KSFs are both necessary and sufficient for competitive advantage.
E)None of the above statements is correct.

Question

Quizplus · Accepted Answer

KSFs (key success factors) are important factors that a company must possess in order to compete in its industry. However, simply having KSFs is not enough to guarantee a sustainable competitive advantage. Other factors such as strategy execution and innovation are also important in achieving and maintaining competitive advantage. Therefore, KSFs are often necessary, but not sufficient for competitive advantage.

Which of the Following Statements Is Most Correct