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Critical success factors are key areas that must be performed well by an organization to achieve its mission, objectives, and goals.
Typically, senior management or key stakeholders within the organization are responsible for defining and reporting on critical success factors.
Critical success factors can be identified through strategic planning sessions, data analysis, and input from various stakeholders. They should be clearly defined, measurable, and aligned with the organization's goals.
The purpose of critical success factors is to focus attention on the most important areas that will drive the success of the organization. They help to prioritize efforts and resources.
Critical success factors typically include key performance indicators, metrics, targets, and action plans to ensure the organization is on track to achieve its objectives.
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