Contrast the critical success factors (CSFs) and SWOT (i.e., strengths, weaknesses, opportunities, and threats) approaches for assessing opportunities as part of a strategic IS planning process. Under what circumstances might one of these approaches be more useful than the other?
Difference between CSF and SWOT Approach
The critical success factor (CSF) approach is the technique, which is used to identify the most relevant and critical factors, which are contributing and are essential; for the survival and success of an organization. This approach determines that there are certain factors, which are critical for the success of an organization (McLoughlin & Aaker, 2010). This approach also tells that if the objectives associated with a particular CSF is not achieved then it may lead the organization towards failure. On the other hand, SWOT analysis approach exhibits the opportunities for a business, which it could capture within the industry from its strengths.
As a part of strategic IS planning process, CSF approach would be ...
The expert contrasts the critical success factors and a SWOT analysis.