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Strategic Management
How is key success factor of an industry is different from core competencies?
Answers (2)
Key success factors (KSFs) are the critical factors that a company must achieve to compete effectively in an industry. Core competencies, on the other hand, are unique strengths or capabilities that give a company a competitive advantage over its rivals. KSFs are necessary for survival and competitiveness in an industry, while core competencies are a source of sustained competitive advantage.