critical


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
Thus, there are five sources from which critical objections are drawn.
It is but just to remark in favor of the latter description, that as our situation is universally admitted to be peculiarly critical, and to require indispensably that something should be done for our relief, the predetermined patron of what has been actually done may have taken his bias from the weight of these considerations, as well as from considerations of a sinister nature.
It is impossible for the man of pious reflection not to perceive in it a finger of that Almighty hand which has been so frequently and signally extended to our relief in the critical stages of the revolution.
But she never sharpened the latter on Anne, who continued to be a prime favorite with the critical old lady.
There are, no doubt, many who have found difficulty in reconciling the critical dictum that the "Paradise Lost" is to be devoutly admired throughout, with the absolute impossibility of maintaining for it, during perusal, the amount of enthusiasm which that critical dictum would demand.
I am by no means certain that the true limits of the critical duty are not grossly misunderstood.
I equally flatter myself that a further and more critical investigation of the system will serve to recommend it still more to every sincere and disinterested advocate for good government and will leave no doubt with men of this character of the propriety and expediency of adopting it.
When you leave your own country behind, and take your army across neighborhood territory, you find yourself on critical ground.
Bear in mind, too, that under these untoward circumstances he has to cut many feet deep in the flesh; and in that subterraneous manner, without so much as getting one single peep into the ever-contracting gash thus made, he must skilfully steer clear of all adjacent, interdicted parts, and exactly divide the spine at a critical point hard by its insertion into the skull.
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.
Besides being occupied with his estates and reading a great variety of books, Prince Andrew was at this time busy with a critical of survey our last two unfortunate campaigns, and with drawing up a proposal for a reform of the army rules and regulations.