Which decisions or activities will harm the business significantly if you get them wrong, even when everything else is going right?
- Team Domain: Ability to Execute on Critical Success Factors
You now need to identify the Critical Success Factors (CSFs) for the business, and think realistically about whether your team can deliver on these.
Start doing this by thinking about these questions:
- Which decisions or activities will harm the business significantly if you get them wrong, even when everything else is going right?
- Which decisions or activities will deliver disproportionately high benefits or enhance performance, even if other things are going poorly?
Then look at the knowledge and skills of the team that you’ve put together. How certain are you that you and your team can deliver successfully on these CSFs? If you see a gap in skills or abilities, who can you bring on board to fill this gap?
This domain asks you to think carefully about what it is that is going to determine your success or failure in your venture. What are the key points that are going to have a large influence on how well your business works out in the short and long term?
Critical success factors exist in every business, but they change from organization to organization depending on the market, products, and more. Is the team you have in place – including yourself – going to be able to hit on all of the critical success factors well enough to ensure your success?
