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What are the attributes of Critical Success Factors in general? How do you think are these attributes present in the IT (Information Technology) industry or not? If they are, then please expound upon your response.
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P.S. Please provide appropriate references for statements and/or quotations next to the statements and/or quotations itself. Apart from the references that you would provide at the end of your response as well. If you’re just going to respond with outside references only, then please do not respond.
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Critical success factors can be defined as those issues which are deemed important to the organization, with regard to its present and future performance, and also to its stakeholders. These few key factors are unique for achievement of its vision and might be specific to the industry in which it operates. Critical success factors define few areas of performance that are essential for the organization to accomplish its mission.
In other words these are the factors that are critical to the success of the organization and positive results with respect to these factors are absolutely necessary for an organization to achieve its vision, remain competitive and succeed in the industry.
Identification of Critical success factors unique to an industry can be done from general industry analysis, competitor analysis and macro environment analysis. These are the challenges that are inherent in an industry type at any given moment of time and …
