The key success factors in an industry
A) are the strategy elements,intangible assets,and competitive capabilities that most affect industry members' abilities to prosper in the marketplace.
B) are determined by the industry's driving forces.
C) hinge on how many different strategic groups the industry has.
D) depend on how many rivals are trying to move from one strategic group to another.
E) are a function of such considerations as how many firms are in the industry,how many have market shares above 5%,and whether the business models being used are similar or diverse.

Question

Quizplus · Accepted Answer

Key success factors are the elements that have the most significant impact on industry players' ability to succeed in the market. These factors include strategy elements (such as differentiation or cost leadership), intangible assets (such as a strong brand or intellectual property), and competitive capabilities (such as operational efficiency or product innovation). Understanding and leveraging these key success factors are critical for any company looking to succeed in a given industry.

The Key Success Factors in an Industry