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Question Tag: Critical Success Factors
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- 8 Marks
SCS – May 2021 – L3 – Q4a – Strategy implementation
Explain the relevance of the Balanced Scorecard in measuring SBL’s performance as a Critical Success Factor.
Question
The board is concerned that currently there is no formalized method to evaluate the strategic performance of SBL. At a board meeting to brainstorm, Bismark suggested the use of a Balanced Scorecard but his only concern was that it applies to the service industry. Debora Dede Boateng disagrees.
Required:
a) Explain to the board why the Balanced Scorecard can be used or otherwise as a Critical Success Factor (CSF) when measuring the performance of SBL. (8 marks)
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- 10 Marks
BMIS – Nov 2017 – L1 – Q7a – Competitive advantage and strategic direction
Explain Critical Success Factors (CSFs) and stages in managing strategy using CSFs.
Question
a) A strategy is a course of action, including the specification of resources required to achieve a specific objective. Strategy is concerned with the higher direction of an enterprise that involves top management.
As an alternative to a systematic goal-structured approach, an organization may focus on Critical Success Factors (CSFs) to manage strategy. Johnson and Scholes describe SIX stages in the process of managing strategy using CSFs.
Required:
i) What are Critical Success Factors (CSFs)?
(2 marks)
ii) Explain any FOUR of the stages of managing strategy using CSFs.
(8 marks)
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- 8 Marks
SCS – May 2021 – L3 – Q4a – Strategy implementation
Explain the relevance of the Balanced Scorecard in measuring SBL’s performance as a Critical Success Factor.
Question
The board is concerned that currently there is no formalized method to evaluate the strategic performance of SBL. At a board meeting to brainstorm, Bismark suggested the use of a Balanced Scorecard but his only concern was that it applies to the service industry. Debora Dede Boateng disagrees.
Required:
a) Explain to the board why the Balanced Scorecard can be used or otherwise as a Critical Success Factor (CSF) when measuring the performance of SBL. (8 marks)
Find Related Questions by Tags, levels, etc.
Report an error
- 10 Marks
BMIS – Nov 2017 – L1 – Q7a – Competitive advantage and strategic direction
Explain Critical Success Factors (CSFs) and stages in managing strategy using CSFs.
Question
a) A strategy is a course of action, including the specification of resources required to achieve a specific objective. Strategy is concerned with the higher direction of an enterprise that involves top management.
As an alternative to a systematic goal-structured approach, an organization may focus on Critical Success Factors (CSFs) to manage strategy. Johnson and Scholes describe SIX stages in the process of managing strategy using CSFs.
Required:
i) What are Critical Success Factors (CSFs)?
(2 marks)
ii) Explain any FOUR of the stages of managing strategy using CSFs.
(8 marks)
Find Related Questions by Tags, levels, etc.
Report an error