Areas of CSF method
The areas of Critical Success Factors method in internal
environment analysis of any organization are shortly gleaned below –
Strategic management
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Other types of management
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Strategic management integrates are a functional management into a
whole.
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Other management deals with functional arena only.
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It is oriented toward achieving organization wide goals.
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It is oriented to achieving a local goal only.
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It considers a broad range of stakeholders.
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It tends to focus on serving individual stakeholders.
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It entails multiply time horizons.
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It tends to focus on short term issues alone.
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It is concerned with both efficiency and effectiveness.
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It is concerned with efficiency only.
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The goals of strategic management are usually debatable.
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The goals of operational management are validated through extensive
past experiences.
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Issues of strategic management are abstract deferrable and may be
unfamiliar.
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Issues of functional management are immediate, concrete and familiar.
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Evidence of the merit of strategies is often available only after
several years.
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Evidence of merit of functional management gets promptly.
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Strategic managers need a corporate point of view oriented to the
environment.
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Functional managers need procedural orientation to functions.
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The financial position analysis includes utilization of different kinds of ratio analysis and other financial calculations to be done to identify what is the company's financial position.
Whether the product or service's quality of the company is being kept up to a standard or not should also be analyzed.
The marketing capability of any organization refers to its capacity to advertise its products or services in comparison to the substitute products or services available in the market.
The research and development capacity analysis of any organization show how much the company can spend for the development and for the research purposes of the product or services.
If the organization structure is small in size then that company should not involve in the competition with the giant leading companies in the market. Therefore to know the organization structure's impact the internal environment should be analyzed.
Whether sufficient human resource is available or not it should also be analyzed because without manpower no task can be accopmlished within the organization.
The facilities and the modern equipments for the ease of production of any product or service are available or not in the organization should also be analyzed.
The past and the present plans, missions, visions etc. how much of these strategies have been accomplished and what are the next ambitions of the company should also be taken on account.
Internal Environment refers to the organizational resources over which organization has control. Below are the definitions of internal environment analysis given:-