Critical Success Factors: Strategy and Action
This course will enable you to:
- Identify the relevant critical success factors (CSF) for your business processes and implement them into your business strategy
- Employ CSFs when analysing and improving organisational performance
- Identify and manage potential risks, failures and errors
- Understand the prioritisation matrix and use it to evaluate and develop skills among employees
When it comes to achieving your strategic goals, you should always have critical success factors (CSFs) at the front of your mind. But what are CSFs and how can they improve your business?
A CSF is an action or outcome essential to helping achieve a higher objective. CSFs should be used as milestones towards a larger goal. It doesn’t matter whether you’re looking to measure performance or develop skills, using CSFs will help your organisation to structure, plan and execute goals.
In this course, you will identify the right critical success factors to support your strategic objectives and understand how they can be used to drive performance.
You will explore the benefits of CSFs, the use of driver diagrams and Failure Mode Effects Analysis.
Critical success factors defined
- What are critical success factors?
- What are the benefits of critical success factors?
- What is a driver diagram?
- How do you create a driver diagram?
Strategy and risk
- What role do critical success factors in business strategy?
- What are strategic objectives?
- What role do critical success factors play in risk management?
- How should I apply failure mode effects analysis?
- What is benefits realisation?
- What are performance measures?
- What is a benefits map?
- What is the benefit realisation model?
- How can organisational performance be improved?
- How do you determine the root cause of a problem?
- What is the prioritisation matrix?
- How can skills be developed?
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Your accountingcpd.net course counts as verifiable CPD, if you can answer "yes" to these questions:
- Was the learning activity relevant to your career?
- Can you explain how you will apply the learning in the workplace?
You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.