What are Critical Success Factors?Key areas of activity in which favorable results are necessary for a company to reach its goal.
There are four basic types of CSFs which are:
A few CSFs are:
Product or service development
Employee attraction and retention
The advantages of identifying CSFs are:
-They are simple to understand;
-They help focus attention on major concerns;
-They are easy to communicate to coworkers;
-They are easy to monitor;
-They can be used in concert with strategic planning methodologies.