Strategic Drivers Definition

Strategic drivers are the factors that drive an organization’s strategy and performance. They can be internal or external, but they all contribute to an organization’s success or failure.

There are four main types of strategic drivers: financial, customer, operational, and organizational.

Financial Drivers: Financial drivers are the most important type of driver for any organization. They include things like revenue growth, profitability, and cash flow. Without strong financial performance, an organization will eventually fail.

Customer Drivers: Customer drivers are those factors that influence how customers interact with a company. Things like customer satisfaction, customer acquisition, and customer retention all fall under this category. A company needs to provide value to its customers in order to succeed over the long term.

Operational Drivers: Operational drivers are the day-to-day factors that impact an organization’s ability to function effectively. They include things like product quality, manufacturing efficiency, and supply chain management. A company needs to continuously improve its operations in order to stay competitive.

Organizational Drivers: Organizational drivers are the factors that impact an organization’s structure and culture. These include things like leadership, communication, and team dynamics. A company needs to have a strong foundation in order to be successful.