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If done well, these things will increase the likelihood of success. Conversely, if done wrong, they...

If done well, these things will increase the likelihood of success. Conversely, if done wrong, they will increase the likelihood of failure.

Select one:

a. Connectedness across the value chain

b. Hiring of key personnel on the team

c. Critical success factors

d. Economic model viability

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Answer #1

Correct option is (c).

Critical success factors are a set of key parameters or core competencies which, when used in proper direction and magnitude, will lead to higher success of the business. But if these are under-played or used incorrectly, probability of failure increases.

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