24 May 2006

Critical Success Factor

Every enterprise faces the same economic problem: too many wants chasing too few resources.
This is a sad fact, but nobody can do anything to change it. The good news is there is only one winner in every competition, but how to be the winner? Those who excel in resources allocation are closer to the edge of success.
First, the enterprise should try to identify the Critical Success Factor (CSF).
If the enterprise doesn't have any CSF, then there are only two options: be a loser and leave the battlefield, or hope to be a winner and develop the factors.
If the enterprise has more than one CSF, then the next step is to prioritize the factors, and allocate resources accordingly.

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