Critical Success Factor: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Critical Success Factor

  • an element of organizational activity which is central to its future success. Critical success factors may change over time, and may include items such as product quality, employee attitudes, manufacturing flexibility, and brand awareness.
  • any of the aspects of a business that are identified as vital for successful targets to be reached and maintained. Critical success factors are normally identified in such areas as production processes, employee and organization skills, functions, techniques, and technologies. The identification and strengthening of such factors may be similar to identifying core competences, and is considered an essential element in achieving and maintaining competitive advantage.

Additional Resources

Innovation Most Critical Factor to Success, Say U.S. Business Leaders; Cisco Innovation 2005 Study Finds Strong Support for Modernizing Health-Care
SAN JOSE, Calif. -- Business and technology leaders say the most critical factor in their company's success is innovation -- far outweighing wage and tax issues -- according to the Cisco Innovation 2005 Study. The poll of 635 United States information technology IT and business leaders also found that emerging...
Tags: Cisco Systems Inc., health care
Research articles 2005-08-10
Critical Success Factor analysis for DoD risk management: CSF-more than making a list - CSF - Program Management
DR. JAMES "JIM" DOBBINS In the September-October 2001 a of Program Manager, I provided a short description of the Critical Success Factor process model. On p.49 of that article, I reference a statement from Navy Rear Adm. John A. Gauss, San Diego Space and Naval Warfare Systems Command Program...
Tags: analysis, FINANCE, SECURITY, Strategy, U.S. Department of Defense
Research articles 2002-05-01
In focus.(technology devices)(HP Compaq TC1100 Tablet Computer, Treo 700wx Mobile Smartphone, BlackBerry 8703e Wireless Handheld)
Major information technology investments can be a key factor in a company's success in the insurance industry, but for many in the business, various personal technology devices are critical to getting the job done. Again this year, we've asked indivi Major information technology investments can be...
Tags: Gateway Inc., handheld, Hewlett-Packard Co., keyboard, laptop computer, manufacturer, mobile, Palm Treo, performance, personal technology, RIM BlackBerry, Smartphone, tablet, tool, wireless
Research articles 2007-05-01
MIT'S SOCIABLE MACHINE.(Brief Article)
* Psychologists emphasize the value of social intelligence. Could that also be a critical success factor for machines? Researcher Cynthia Breazeal at the Massachusetts Institute of Technology's Artificial Intelligence Laboratory, Cambridge, is testin * Psychologists emphasize the value of social intelligence. Could that also be...
Tags: Massachusetts Institute of Technology, Psychologist, robot
Research articles 2001-04-16
Marketing and Advertising Professionals Identify Enterprise Marketing Software as the Critical Factor for Continued Success; Independent Consulting Firm Survey Commissioned by Unica Identifies Key Challenges and Technology Perceptions
WALTHAM, Mass. -- According to a new Forrester Consulting survey sponsored by UnicaR Corporation (Nasdaq:UNCA), a global provider of Enterprise Marketing Management EMM solutions, brand-oriented marketers cite the importance of enterprise marketing software as the next critical factor to their success. The survey entitled "The Role of Enterprise Software in...
Tags: advertisement, brand, consulting, marketing, software, Unica
Research articles 2006-08-14
Leadership - The Critical Factor in Successful Energy Efficiency
This study presents the stories of three industrial companies that are using energy efficiency to gain a competitive advantage. The foresight and "can do" approach of the company leaders have positioned them for sustained growth. Many factors contribute to a company's success at implementing energy efficiency plans, including expertise, an...
Tags: Energy Efficiency, Leadership
Case studies
Strategic Planning Smothers Innovation
Effective planning is a critical success factor. But the focus and type of planning is what's critical. First, personal, team, and organization planning should focus especially hard on improvement. This critical planning establishes systems and processes to continually build and improve understanding, skills, and competencies. So when those unexpected opportunities...
Tags: Innovation, Type, Strategic Planning, Strategy, Team Management, Leadership, Management
White papers 2003-01-01
Six Sigma Critical Success Factors
From the executive summary: ‘With the proliferation of web based tools, measuring, managing, and improving of data has become easier and much more efficient. If the organization, large or small, has a Six Sigma program in place, one should measure the return on investment ROI and determine whether it is...
Tags: iSixSigma, Six Sigma, Tqm/Six Sigma/ISO 9000, Process Improvement, Quality, Business Operations, It Operations
White papers 2003-01-01
Culture Is Critical Don't Forget About the "Little" Things
The job of HR during a merger or acquisition is to identify what business and financial aspects are dependent on making the deal a success and then to enhance those strengths through its people strategy. There are, of course, the logistical and administrative duties regarding benefits and policies, but a...
Tags: Culture, Financial, Mergers & Acquisitions, Financial Accounting, Investment, Finance
White papers 2003-01-01
Time Management - The Critical Successful Factor for Small Business Owners
It is said that time management is the art that teaches a person the diverse techniques aimed to increase his effectiveness in getting the things done that need to be done. In his personal life, the ability to manage and control his time is important, but when it comes to...
Tags: Small Business, Small Business Owner, Time Management, Productivity
White papers 2006-05-01
Technology solves problems. (Industry News).(manufacturing success at General Motors)
New assembly technologies have been a major factor behind GM's manufacturing success, says Elson. New assembly technologies have been a major factor behind GM's manufacturing success, says Elson.
Tags: General Motors Corp., industry, manufacturing, Technology
Research articles 2003-01-01
Aligning Information Technology (IT) and Data Management Strategies With Business Needs Is Now More Critical Than Ever
The adoption and implementation of technology, both oil field and information technology, continues to be a critical success factor in meeting the challenges faced by the upstream petroleum industry. Information technology, as discussed in this paper, can assist the upstream industry in not only meeting the challenges already identified, but...
Tags: Information Technology, Industry, IBM Corp., Strategy, Data Management, Management
White papers 2004-06-07
Does reality have an afterlife? Syndication deals give producers hope for a secondary market.(Programming)
Every reality producer had a fear of syndication. Except the makers of Fear Factor. The success of the NBC gross-out hit Fear Factor on FX and its ability to get a toehold in broadcast syndication albeit at bargain prices are giving...
Tags: Cable, NETWORKING, programming, syndication, TELECOMMUNICATIONS, TV
Research articles 2004-10-11
Supply and Demand for Software Developers in India
IndiaÆs success and worldwide reputation in software development and services has naturally led to questions about the fundamental factors influencing this success. This paper focuses on one very critical factor û human capital. The paper finds that a situation of excess demand currently exists for skilled software development professionals. The...
Tags: Software, Developer, Carnegie-Mellon University, Software Development, Development Tools, Tools & Techniques, Software/Web Development, Management
White papers 2001-03-04
Tips For Hr Policies For A Start-Up
The article discusses that it is critical that your company's policies be customized to reflect your industry and geographic location. Employment laws vary by state of operation, and certain industries -- such as transportation and health care -- have special considerations. However, perhaps the most critical factor in policy development...
Tags: Industry, Transportation, Strategy, Management
White papers 2000-08-01
Career Success Beyond Your Wildest Dreams!
Career success depends on many critical factors. One of them is the success of your job search. But that's part of a larger career success strategy. In short, your career must be treated as a major investment. Investors are advised to diversify. Don't put all your eggs in one basket....
Tags: Career Success, Professional Development, Career
White papers 2008-01-01
Key Findings On Cycle Time Reduction
The experience of mutual learning on the practical applications of CTR in member companies proved to be valuable not only to the members of the Cincinnati chapter's Research Committee and the Cincinnati chapter as a whole. It was abundantly clear that many of our CQM chapter members are having a...
Tags: Cincinnati
White papers 2003-01-01
Critical Success Factors in International ERP Implementations: A Case Research Approach
This paper examines through two longitudinal studies of international ERP implementations the perceptions of the project managers towards twenty-two critical success factors shown to influence the outcome of the ERP implementations. The paper examines the perceptions of the critical success factors at differing stages of project development at each company.
Tags: ERP, University Of Miami, Enterprise Resource Planning (ERP), Enterprise Software, Software
White papers 2006-05-01
Critical success component
CRITICAL SUCCESS COMPONENT As interaction becomes increasingly conducted via electronic media, collaborative service and support technology is emerging as a critical tool for building relationships, even businesses. International Data Corp., Framingham, Mass., www. idc.com, reports that CSST brings order and efficiency to management of communications, interaction, and content in...
Tags: International Data Corp., INTERNET, SALES
Research articles 2000-03-01
Understanding the ERP Project Champion Role and Its Criticality
Existence of an adequate project champion role has been identified as a critical success factor in ERP implementation projects. However, the figure of the project champion is not yet quite well understood. Some authors relate it with the project sponsor figure while others relate it with the project manager figure....
Tags: ERP, Enterprise Resource Planning (ERP), Enterprise Software, Software
White papers 2002-06-06
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