Key factors for success.

Key success factors are the scientific approach. One might also ask why someone is successful. Success consists of many elements. Most importantly is to isolate the key success factors.

This method is based on the assumption that only 20% action is responsible for 80% effects.

The company can examine the sector and determine the list of factors of the success in order to accommodate oneself to the neighbourhood.

It is necessary to place factors in the order from most important to least important. Experts should do it. Having factors of the success we are establishing their scales and we are judging out own enterprise. In this way we can compare ourselves to the competition.

1. I’m choosing the business. In this case clothing business.
2. I’m creating the list of key factors of the success. Price, Quality, Comfort(It’s a simplified approach, you must see what Is all about)
3. Now we have three key factor Price, Quality and Comfort. Now we must determine their importance. For example Price 0,4 Quality 0,3 and Comfort 0,3 (Wages=1)
4. We are judging the enterprise doing the survey. Marks are: Price=4, Quality=3, Comfort=4(Max=5)
5. We are multiplying scales with marks.

Score in the simplified way is examining the position of the company.

Thanks to this method we can fast and cheap compare companies. It is cheap and very effective method.

In the internet you will find all needed statistics for creating simple list of factors. You can use this method when you want invest your money and you have problems with choice.

At the lack of money for professional examinations this method is working superbly.

It is possible thanks to this method to examine your life too. You can determine key factors in your life. Simple and effective. Use it.