2 Essay Business

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Essay

Read the following questions, and use what know about Business Basic Startups to summarize your responses in a 3-page paper (APA formatting required):

  • Describe how a company identifies its key success factors (KSFs).
  • Select a company, and provide three examples of KSFs in its industry.
  • Explain how the company uses the KSFs to help create company goals and objectives within the strategic management process, and formulates strategic options and appropriate strategies for achieving these goals.



Essay

The essay is required to be a minimum of 4 pages.

Step: Read the case study (will provide at a later time)

Step : Read the following questions, and use what you know about Business Basic Startups to summarize your responses in a 4-page paper. Essays should have a clear introduction, thesis statement and conclusion, written in APA format

  • What does this case study illustrate about decision making?
  • How could the decision-making process have helped in both the response to the crisis situation and in preventing it from happening?
  • Could procedures, policies, and rules play any role in future crisis situations like this one? If so, explain how? If not, provide an explanation of why not.
  • Describe the role that problem-solving, decision-making strategies, and logistics could have played in preventing the situation described in the case study.
  • What could other organization learn from this incident?

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Explanation & Answer

Hello. Here's part 1...

Running Head: Business Key Success Factors

1

BUSINESS KEY SUCCESS FACTORS
[Name]
[Affiliation]
[Date]

Business Key Success Factors

2

Describe how a company identifies its key success factors (KSFs).
A key success factor or critical success factor (CSF) refers to high-level goals which are essential
for a business to achieve. For key success factors to be effective, they must be vital,
synonymous, benefit business and be directly linked to a business strategy. Key success factors
are optimally stated as action phrases and may, therefore, include the method or desired results
and action. Examples include: Be customer-oriented when delivering our services, Increase
market share through our customer base, achieve fulfillment of orders through improvement of
on-line processes, among others.
Companies can identify the key success factors through the following means (Dikert et al.,
2016), (Zou et al., 2014).
1. Gathering the team that will be working with the Key Success Factors. An able team
which incorporates ind...


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