Question
To use this tool, start by determining which of the KSFs apply. An industrys Key Success Factors are those competitive factors that most affect industry
To use this tool, start by determining which of the KSFs apply. An industrys Key Success Factors are those competitive factors that most affect industry members ability to survive and prosper in the marketplace. Determine the industry KSFs by asking the following questions: 1) On what basis do buyers choose between different brands in the industry? 2) Given the rivalry in the industry, what resources and competitive capabilities must any company in the industry possess in order to be successful? 3) What shortcomings are almost certain to put any company in the industry at a significant disadvantage? Remember, this table lists many factors that could be KSFs. But you must choose only 3-5 KSFs (from the 27 listed here) applicable to all companies in the industry. Then assess how Domino and any 3 of its major rivals in the industry fare on each of the chosen KSFs, and what that in turn means for Dominos.
1. Image and reputation | |||||
2. Low cost | |||||
3. Convenient retail locations | |||||
4. Pleasant employees in all customer contact positions | |||||
5. Breadth/depth of offering | |||||
6. Other features (mention what these are. E.g.: Guarantees and warranties, attractive styling/packaging) | |||||
Resources & capabilities | |||||
7. Scientific research and expertise, patents | |||||
8. Ability to develop innovative products and product improvements | |||||
9. Design & engineering skills | |||||
10. Quality control know-how | |||||
11. Marketing capabilities | |||||
12. Other workforce talent (mention what these are) | |||||
Operational approach | |||||
13. Strong distribution networks | |||||
14. Electronic (Internet) tracking and/or delivery | |||||
15. Ample space on retailer locations for products | |||||
16. Customer service | |||||
17. Heavy/highly targeted marketing/advertising | |||||
18. Manufacturing quality | |||||
19. Low-cost production efficiency | |||||
20. High level of vertical integration (that is, low reliance on suppliers for raw materials or inputs) | |||||
21. Manufacturing flexibility | |||||
Strategy & organizational elements | |||||
22. Speed of getting new products to market | |||||
23. Ability to strategically respond quickly to shifting market conditions (relevant in new industries) | |||||
24. Organizations information & communication technology that enables it to access, store, transmit, and manipulate information | |||||
25. Access to financial capital | |||||
26. Organizational experience (age of the company) | |||||
27. CEO or Top Management Team leadership skills |
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