Difficulty: Easy
Correct Answer: success
Explanation:
Introduction / Context:
The concept of Critical Success Factors (CSFs) helps managers focus attention and resources on the few areas that must go right for the organization to achieve its mission. Identifying CSFs guides KPI selection, dashboard design, and prioritization of improvement projects in IT and business functions alike.
Given Data / Assumptions:
Concept / Approach:
“Critical success factors” are the limited set of activities or conditions that have a disproportionate impact on outcomes. Examples include product quality, customer satisfaction, regulatory compliance, or cycle-time reduction, depending on the strategy. Properly defined CSFs inform information requirements for MIS/DSS so managers can monitor and act in these areas.
Step-by-Step Solution:
Verification / Alternative check:
Management literature consistently uses “Critical Success Factors (CSFs)” to denote vital priorities for achieving objectives.
Why Other Options Are Wrong:
Common Pitfalls:
Confusing CSFs with KPIs; CSFs are the focus areas, while KPIs are the metrics used to monitor those areas.
Final Answer:
success
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