Key success factors are simply relationships between controllable factors and critical elements that permit a firm to compete in its industry.

Question

Quizplus · Accepted Answer

Key success factors are indeed relationships between controllable factors and critical elements that allow a firm to compete effectively in its industry. These factors vary depending on the industry, but often include things like strong brand reputation, efficient supply chain management, and skilled workforce. By identifying and focusing on these factors, a company can gain a competitive advantage and achieve success in its market.

Key Success Factors Are Simply Relationships Between Controllable Factors and Critical