critical


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Related to critical: critical temperature, Critical Reasoning

critical

or

key success factors

the resources and capabilities/competencies/ skills a firm must possess to achieve some competitive ‘success’ and profitability in a market. For example, a pharmaceutical firm such as Glaxo Smith Kline must possess financial resources and skilled research staff to fund and develop expensive and innovative new drugs. However, this is not enough in itself to achieve a COMPETITIVE ADVANTAGE over rival suppliers and deliver above-average profits; that is the firm must achieve greater differential competitive advantage by having superior resources and capabilities (technical, but crucially also managerial expertise) such as to create more value than its competitors. See VALUE CREATED MODEL, VALUE ADDED ANALYSIS, RESOURCE BASED THEORY OF THE FIRM, DISTINCTIVE COMPETENCIES.
References in classic literature ?
But you, who have known Miss Fairfax from a child, must be a better judge of her character, and of how she is likely to conduct herself in critical situations, than I can be.
The mother's consternation was excessive; but it could not surpass the alarm of the Miss Steeles, and every thing was done by all three, in so critical an emergency, which affection could suggest as likely to assuage the agonies of the little sufferer.
The former, when he had deposited his burden, took a critical survey of the room, and in cracked tones grated out - 'Aw wonder how yah can faishion to stand thear i' idleness un war, when all on 'ems goan out
She had advanced her imaginary omelette to the critical stage at which the butter was to be thrown in -- that vaguely-measured morsel of butter, the size of your thumb.
Had I any ideal by which to test and measure the damsels of the world who were to pass before my critical choosing eye?
Grownups imagine that they can do the trick by adopting baby language and talking down to their very critical audience.
In the First Part of this history we left the valiant Biscayan and the renowned Don Quixote with drawn swords uplifted, ready to deliver two such furious slashing blows that if they had fallen full and fair they would at least have split and cleft them asunder from top to toe and laid them open like a pomegranate; and at this so critical point the delightful history came to a stop and stood cut short without any intimation from the author where what was missing was to be found.
Vessels arriving directly from foreign countries, laden with valuable cargoes, would rarely choose to hazard themselves to the complicated and critical perils which would attend attempts to unlade prior to their coming into port.
But as the ultimate object of these papers is to determine clearly and fully the merits of this Constitution, and the expediency of adopting it, our plan cannot be complete without taking a more critical and thorough survey of the work of the convention, without examining it on all its sides, comparing it in all its parts, and calculating its probable effects.
But these Socialist and Communist publications contain also a critical element.
With respect to critical difficulties and their solutions, the number and nature of the sources from which they may be drawn may be thus exhibited.
When there is much running about and the soldiers fall into rank, it means that the critical moment has come.