Question

What three questions do we ask to pinpoint KSFs?

a. What are the threats, opportunities, and weaknesses?
b. Who are the competitors, customers, and suppliers?
c. Where is the company located, what are the goals, and how is success measured?
d. What factors are critical to competitive success, who are the key stakeholders, and what resources are essential?

Answer 1

To identify Key Success Factors, ask what factors are critical to competitive success, who are the key stakeholders, and what resources are essential.

Step-by-step explanation:

The three questions we ask to pinpoint Key Success Factors (KSFs) are: what factors are critical to competitive success, who are the key stakeholders, and what resources are essential. Understanding the KSFs is crucial for a business to thrive in the marketplace. It involves a deep analysis of the firm's internal capabilities and its position relative to the competition., ensuring you can respond to various scenarios like 'What are your strengths and weaknesses?' and have adequate knowledge of the market dynamics, including the threats, opportunities, and weaknesses relevant to your business.