Definition business drivers

 · A business driver is a resource, process or condition that is vital for the continued success and growth of a business. A company must identify its business drivers and attempt to maximize any that are under their control. There are always outside business drivers that a company cannot influence, such as economic conditions or trade relations with . Business Drivers Definition. Business drivers, defined loosely as the main factors and resources which provide the essential marketing, sales, and operational functions of a business, are of paramount importance. As more of an art than a science, business drivers are analyzed by consultants and owners alike. Though no single formula or theory dictates .  · Understanding Business Drivers. “A business driver is a resource, process or condition that is vital for the continued success and growth of a business”.

A business driver is a resource, process or condition that is vital for the continued success and growth of a business. A company must identify its business drivers and attempt to maximize any that are under their control. There are always outside business drivers that a company cannot influence, such as economic conditions or trade relations with other nations. If this is a new term for you, think of it this way: A business driver is a condition that enables an enterprise to become and remain successful. Leaders are hyper-aware of these and are responsible for maximizing results in each area. When a business performs well in all of its key business drivers, it’s an objective sign of success. Business drivers are the key inputs and activities that drive the operational and financial results of a business. Common examples of business drivers are salespeople, number of stores, website traffic, number and price of products sold, units of production, etc. In order to make internal choices about business strategy or build a financial model.

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