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Chapter 2 sm

Strategic Management

What is difference between key success factor and core competency ...any example....what factor to consider to decide in mcq whether it is key success factor or core competency


Gauri Shete

Gauri Shete

CA Final

4K+

16-Feb-23 10:11

298

Answers (2)

Key success factor-Brand equity, Design, Cost/price, Resources, Competencies Core competencies-KASH- Knowledge, Attitude, Skills, Habits, +values+Wisdom+consistency Core competencies may be subset of Key success factor. Organization's objective is to gain competitive advantage . Example-Reliance jio entry in the telecom industry, followed cost differentiation KSF and Core competencies- not compromised with customer service, fast speed with less server error.


Mansha Tutlani

Mansha Tutlani

CA Final

555

16-Feb-23 10:31

Key Success Factor - Individual success factor. Core competency - Ability to use KSF and achieve desired results.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

16-Feb-23 15:02

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