MCEL60032: Growth Analysis and Critical Success Factors for TFS

This report examines the growth analysis and critical success factors for Third Floor Systems (TFS). The research aims to implement Critical Success Factor (CSF) and Growth Analysis tools to measure business productivity. The study addresses how TFS can implement these tools, focusing on a literature review of relevant business tools. The methodology includes a detailed search strategy using Google Scholar and specific inclusion/exclusion criteria. The report analyzes CSFs in sustainable supply chain management and evaluates growth analysis tools like SWOT and CATWOE. Key findings suggest that TFS should adopt CSFs for performance enhancement and utilize SWOT analysis for strategy formulation. CATWOE analysis is recommended to identify objectives and achieve self-sufficiency. The literature review highlights the importance of project success measurement and the application of machine learning for efficiency. The report concludes with recommendations for TFS to enhance its business development and performance.

Running head: GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
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1GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
Introduction
Organizational productivity is an abstract concept and is consequently challenging to
measure. In order to evaluate it, organizations usually try to explain what actually
productivity implies to organizations in order to define particular criteria for evaluating,
measuring as well as improving desirable impact and draw comparison of their performance
with the competitors on the basis of client satisfaction and market segment structure (Tarhini
et al. 2015). However, if businesses want to be successful and attain sustainable competitive
advantage, chiefly on the modern global market, they must focus on the behaviour of their
competitors as well as on universal preeminent practices. Moreover, as compared to
efficiency, productivity possibly will not be objective and might be contingent on the
consensus of the parties involved. According to Al-Sabaawi (2015), The Third floor systems
has strategic plans for sustainable growth along with an intense understanding of strategic
purposes of adding importance to the clientele have been identified with 3 tools cost leverage
aligned with productivity, efficiency in marketing and lucrative volume growth. For the Third
floor systems to develop as a highly successful business must focus on petro-chemical
productivity and improve its focus on using business marketing tools. The following paper
will review literature on two important business tools to be implemented in the business
process of the Third floor systems.
Research Aim
To implement Critical Success Factor (CSFs) and Growth Analysis tools in the business
operation of Third floor systems for measuring business productivity.
Research Question
How can the Third floor systems implement Critical Success Factor (CSFs) and Growth
Analysis tools in their business operation for measuring business productivity?
Research objectives-

2GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
1) To analyze critical success factors of sustainable supply chain management practices
in computer manufacturing industry
2) To evaluate Growth Analysis Tools in computer manufacturing industry
3) Discussion
Search Strategy
The first step of the research methodology comprised of developing the research question that
is mentioned below.
Research Question- How can the Third floor systems implement Critical Success Factor
(CSFs) and Growth Analysis tools in their business operation for measuring business
productivity?
The following step included in the research methodology has incorporated various
review of literature containing formulation of search terms on the basis of discussions as well
as generating scopes of studies within the section. The development of applicable search
terms has intended to simplify the withdrawal of appropriate literature which draws
applicability to the research question. Google Scholar is the electronic databases which have
been systematically searched to retrieve articles.
The reference lists comprising of papers have been searched in manual tactic,
therefore employing the process of snowballing. Hand searching the bibliography of the
academic articles as well as making discussion of citation study has allowed successful
finding significant articles suitable for the advanced research question (Inayat et al. 2015).
Search terminologies which have been applied in order to find articles are ‘Critical success
factors’, ‘Total quality management’, ; Firm performance’, ‘project success’, ‘petroleum
projects’, ‘SWOT analysis’, , ‘Transfer learning’, ‘Machine learning’, which have been
brought in combination with Boolean operators like AND, OR and NOT.

3GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
The third step has taken into account, the selection criteria of inclusion and exclusion
for conducting review of literature and further has focused on the resource limitations.
Inclusion criteria Exclusion criteria
Articles which are chiefly published in
English language
Articles which are published in other
languages
Articles mainly published on or after 2015 Articles published before 2015
Articles containing evidences on Critical
success factors’, ‘Total quality management’,
; Firm performance’, ‘project success’,
‘petroleum project’.
Articles focusing on employee performance,
‘HR practice implementation’
Articles containing information on factor
related to implementation Critical Success
Factor (CSFs) and Growth Analysis tools in
the business operation
Articles which contained information on
manager roles of staff performance as well as
job productivity
Factors on CSFs and Growth Analysis Case study
Critical success factors of sustainable supply chain management practices
The concept of sustainable supply chain management (SSCM) has been seen as vital
organizational philosophy in order to attain revenues by lessening ecological risks and
impacts while improving the financial and social efficiency factors. Raut, Narkhede and
Gardas (2017) in his study have mentioned the importance of CSF (Critical Success factor) to
implement sustainability from the industrial viewpoint and in order to determine the
contextual linkages between the CSFs and the organization. Meanwhile, Phaphoom et al.
(2018) have postulated that ERP system is viewed as the vital domain whereby companies

4GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
have been establishing their competitive business developments. Additionally it has been
noted that since ERP system has developed alternative for contrasting disintegrated systems
for large number of organizations, in order to adapt the supply chain systems, an improved
level of data integration among companies is vital for understanding of the co-association of
CSF. Similar views have been shared by Tsiga, Emes and Smith (2017) who have claimed
that the attainment of CSFs delivers implementers with improved understanding of ways to
enhance results of projects which have been undertaken. Furthermore, it has been noted that
newly established entrants as well as smaller establishments can utilize these factors with an
aim of upgrading their project performance by employing their uncommon resources in
regions which would possibly generate highest returns. However, Aquilani et al. (2016), on
the other hand has claimed that CSFs is likely to be viewed as variables which explain
organizations’ performance by means of successful implementation of TQM (Total Quality
Management).
By drawing insights from previous studies it has been found that TQM CSFs are
essential to the success of organizations, in order to be carefully managed and regulated for
enhancing firms’ performance. In contrast, Raut,Narkhede and Gardas (2017) have claimed
that CSFs for sustainability exhibit relative challenges due to the complex characteristic of
ecological practices, client, supplier and cost pressures along with regulation indecision.
Implementing the idea of project success necessitates the recognition of the relevant success
criteria. Moreover, the determination of the corresponding success factors has been further
applied with an agenda of elevating the chance of attaining the criteria. Redda and Turner
(2018) in their research have found that success factors must be determine by systematic
business strategy and subsequently project agenda must be associated with corporate strategy.
Thus, it has been anticipated that exploring the performance of the industrial projects
through the perspective of project achievement will facilitate the explanation of broader

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issues and developing viable suggestions. Yadav and Barve (2015) are of the opinion that
major assignments must focus on success-centric measurement. Hence, project success
measurement has been seen been as a multidimensional approach and strategic concept which
takes into account extensive range of areas critical for the business. While, research of
Aquilani et al. (2017) have claimed that effect of each Critical success factor in measuring
growth of the firm, the correlation of wide ranging CSFs in determining achievable quality
management must be really helpful for organizations in executing TQM. Additionally, it has
been stated that ML must be utilized with an agenda of enhancing efficiency and upgrade the
current knowledge of data specialists. Moreover, with an aim of successfully operating steam
analytics and machine learning on edge for task like adapted and factor efficient algorithms
are compulsory for measuring business growth (Hajizadeh 2019). In consequence, firms must
take into consideration varied processes whereby CSFs for measuring quality are required to
be incorporated, selecting and adapting them for each progression. They must also measure
the resultant performances related to monetary, non-financial as well as marketing in addition
to scale them alongside with the predictable results to additionally increase their
developments and performances (Tarhini et al. 2015). By drawing insights from previously
conducted research it has been asserted that CSFs must be positioned in the bottom of the
hierarchy in order to determine additional critical success factors as well as are considered as
key critical success factors. It helps in strategic planning for search, rescue and also in
providing relief to the right person on right time.
Evaluation of Growth Analysis Tools
Digitalization of work distribution employing machine learning and advanced
analytics have been considered as newly established business value for growth analysis in
industry. In the view of Phadermrod, Crowder and Wills (2019), by using SWOT analysis, it
has been found that sectors all across the world is susceptible to risk-averse culture as well as

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slow technology implementation. In addition to this, Al-Sabaawi (2015) have claimed that
transfer learning through SWOT analysis have found that transfer learning has been
considered as another technique which has not been discussed and applied extensively in the
sectors. Furthermore, with the application of cognitive mapping in industries, wide range of
experts have been familiarised with additional aspects of vendor selection problems and
surpassed the precincts of customary problem solving methods.
On the other hand, by citing example of Iranian petroleum industry, study has
suggested that by merging the multi-criteria decision-making and SWOT methods, key
decision-makers of the sectors can create correct decisions by offering top priority to the
strategies that have important outcome on the growth of CNG economy in Iran (Hajizadeh
2019). As per the opinion of Redda and Turner (2018), SWOT analysis as an imperative
growth analysis tool has been seen as an established technique for facilitating the strategy
formulation and typically employ as a method for analysing the internal and external
environment of the organization. Hanafizadeh and Zadeh (2015) have taken into account, the
CATWOE analysis for the initial RD, for which the National Iranian South Oil Company has
been taken. Comprehensive studies have noted that through the CATWOE analysis,
organizations will be able to understand the primary objective of offering necessary facilities
to improve the local production and consequently attain the national self-sufficiency. Hence,
the influential perspective has been focusing on considering the contingency on overseas
production and to attain self-regulation in manufacturing necessary for goods. By deriving
insights of CATWOE analysis, it has been noted that the dominant perspective of the
organization has been increasing the speed of the decision making procedure as well as
accomplishing its goal which is opting for the most effectual resources. As a result the system
possibly will be making the complete process of sourcing as well as vendor selection in
systematic manner. Chatzoglou et al. (2016) by aligning with other scholars, CATWOE

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analysis can serve as a simple checklist with an attempt of distinguishing areas which
business desires to attain as well as identify the problem areas and ways in which the
solutions are going to influence the business and its clientele. Meanwhile, Phadermrod,
Crowder and Wills (2019) have asserted on the basis of survey that broad range of
organizations in the UK has stated that SWOT analysis has been the most widely functional
strategic tool by organizations in the UK. Research conducted by Hanafizadeh and Zadeh
(2015) have found that subsequent to the understanding business units, through SWOT
analysis, firms’ management baseline has distinguished certain areas which required to be
prioritized and have committed to emphasize on the biodiversity management in the primary
three practices related to government, shareholders and baselines.
Summary
By analyzing the literature review it can be suggested that Third floor systems can
take into account CSFs as they are essential to the success of organizations for carefully
managing and regulating for enhancing firms’ performance. Additionally, SWOT analysis
can be used by Third floor systems as an imperative growth analysis tool for enabling the
strategy formulation as well as typically employ as a method for analysing the internal as
well as external environment of the organization. Moreover, by using the growth analysis tool
of CATWOE, Third floor systems will be able to recognize the primary objective of
proposing necessary services to advance the local production as well as accordingly achieve
the countrywide self-sufficiency. Analysis of the literature have asserted that project success
dimension has been realized as a multidimensional approach as well as strategic concept
which takes into account widespread range of expanses critical for the business. However, it
must be taken into account that CRF might pose challenges because of the complex
distinctive of ecological practices, customer, and supplier as well as cost pressures along with
regulation indecisiveness.

8GROWTH ANALYSIS AND CRITICAL SUCCESS FACTOR
References
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