Critical Success Factors for Executives in Global Economy

Abstract

With the convergence of information, communication and technology and global collaboration drives in modern management, it becomes imperative and crucial to understand the critical success factors (CSFs) for executives. In this globalized scenario, the internet has a dramatic impact on every kind of organization. It forms completely new challenges on the one hand but on the other hand it offers entirely new facilities. Additionally, spatiotemporal borders disappear. Totally new business models are being developed and companies have discovered completely new strategies to gain competitive advantage in this information age. Further, the advancements in society and technology, coupled with accelerations in globalization, competitive environments and changing customer's preferences have created new challenges as well as opportunities for executives. There is need to leverage on this vicissitude. To do so, it is essential to identify and understand the critical success factors (CSFs) fundamental to the success of executives and that is the core objective of this chapter.