What happens if the Key success factors of an industry are misunderstood? Does the disaggregation of the profit into components allow analysts to capture the causes of the misunderstanding and to fix it?

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The Answer is If KSF are misunderstood, bad consequences can occur because the strategic process may start on an incorrect basis. If the requirements to be successful are misunderstood the firm will probably not be able to satisfy them. If the firm uses a strong analytical capability, it may be able, afterwards, to identify the right KSF and fix the problem.
The disaggregation of profit into components provides analysts with a useful tool to identify the antecedents and determinants of profit. However, a qualitative analysis often proves to be necessary to capture the entirety of the phenomenon. Another approach, such as the Resource-based view or the Balanced score card can be extremely valuable as well.

What Happens If the Key Success Factors of an Industry