Tuesday, 8 May 2012

Critical Success Factors in Strategic Management study

Some students in Strategic Financial Management class ask me information on the notion of Critical Success Factors (CSFs). Based on my google search, I identify the following 2 links:

  1. http://en.wikipedia.org/wiki/Critical_success_factor
  2. http://www.clintburdett.com/process/08_synthesis/synthesis_02_csf.htm

The following handwritten note is mainly based on Williams and Ramaprasad (1996):



Major attributes of CSFs
  • Types of criticality: causal mechanism, necessary and sufficient, necessary, & associated
  • Standing, instigating
  • Direct, indirect
  • Enhanced, inhibiting


There are also academic references on CSFs. Examples are as follows:
  1. Williams, J.J. and Ramaprasad, A. (1996) "A taxonomy of critical success factors" European Journal of Information Systems 5, pp. 250-260.
  2. Avcikurt, C., Altay, H. and Ilban, M.O. "Critical Success Factors for Small Hotel Businesses in Turkey: An Exploratory Study" Cornell Hospitality Quarterly 52(2), pp. 153-164.


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