critical


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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 periodicals archive ?
Critical value policies used by clinical laboratories ensure that caregivers are notified of patients' life-threatening results.
The swift and highly unpredicatble changes in nowadays world, coupled with the complexity of vulnerabilities and risks lead to a major concern regarding the protection of the critical infrastructures.
This process has dominion over emotion and focuses equally on process and outcome; it is called critical thinking (Paul & Elder, 2008).
Keywords: Critical thinking, Thinking Skills, Thinking, Decision Making, Problem Solving, Medical education.
For every 1,000 people who are 50 years old, it has been estimated that 12 to 15 might experience one of the five conditions often covered by critical illness polices: cancer, heart attack, stroke, renal failure or a major organ transplant.
[USPRwire, Mon Apr 22 2019] Neuro critical care is an emerging field that combines the specialties that link neurology, neurosurgery, and critical care.
Summary: Advanced monitoring techniques used in neuro critical care allows the early identification of neurological injuries before permanent brain damage occurs.
Australia could become a major global supplier of minerals critical to 21st Century technologies, Minister for Resources and Northern Australia Matt Canavan said.
'Our critical broadband portfolio will enable customers effectively secure critical communication needs of sectors such as public safety, energy, transportation, manufacturing,' says Per Narvinger
Ericsson (NASDAQ: ERIC) has launched its critical communications broadband portfolio for service providers.
Summary: Ericsson has launched its critical communications broadband portfolio for service providers.
The Center for Critical Thinking, in cooperation with the 'Tacno.net' portal, will open 'Critical Thinking School' in Mostar.