Elements that derive from the competitive strategy and are essential to the success of the organisation are called:
A) key performance indicators.
B) critical success factors.
C) key performance factors.
D) critical success drivers.

Question

Quizplus · Accepted Answer

Critical success factors are specific elements that are essential to the success of an organization and derive from the competitive strategy. They are the few key areas where an organization must excel to achieve its goals and objectives. Key performance indicators and key performance factors are related to measuring performance, but they may not necessarily be directly linked to the organization's competitive strategy. Critical success drivers are not a commonly recognized term in business strategy.

Elements That Derive from the Competitive Strategy and Are Essential