A critical success factor (CSF)approach is a well-known method for identifying strategic IT opportunities by eliciting input from key managers about information needs and processes most important to the success of a business function or to the entire organization.

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This statement is true. A critical success factor (CSF) approach involves identifying key factors necessary for the success of a business function or the organization as a whole by gathering input from key managers about their information needs and processes. This approach is commonly used in strategic IT planning as it helps identify IT opportunities that align with the organization's overall goals and objectives.

A Critical Success Factor (CSF)approach Is a Well-Known Method for Identifying