Critical Success Factor

What Does Critical Success Factor Mean?

Critical success factors (CSFs) refer to specific activities, procedures or areas that a business or organization depends on for its continued survival. Critical success factors are unique to each organization, and will reflect the current business and future goals. An organization’s critical success factors can be identified by applying business analytics.

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There are number of software-based solutions designed to help owners and managers determine critical success factor. For example, enterprise decision management (EDM) software analyzes a company’s data and processes to identify CSFs in order to help in decision making.

Techopedia Explains Critical Success Factor

Many business process improvement systems seek to identify the critical success factors of a product, service or business as a whole. Typical CSFs might be the need to control costs, increase marketing conversions or make a better product.

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Margaret Rouse

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…