The value to managers of understanding key success factors is
A)self-evident.
B)legitimate because it is accepted by the academic world.
C)that it generates "generic strategies" which guarantee success.
D)to help maintain a strategic perspective of what needs to be done to survive, and help them avoid degenerating into a fire fighting approach.

Question

Quizplus · Accepted Answer

Understanding key success factors helps managers maintain a strategic perspective and avoid a reactive, fire-fighting approach. It also assists in identifying what needs to be done to survive and thrive in the marketplace. The other options are not accurate as the value of understanding key success factors is not self-evident or solely accepted by the academic world, and it does not guarantee success with generic strategies.

The Value to Managers of Understanding Key Success Factors Is