Definition of drivers in business

 · Key drivers are leading factors that have a big impact on business performance. They should affect success, be measurable, be comparable to a standard, and be able to be acted upon.  · Understanding Business Drivers. “A business driver is a resource, process or condition that is vital for the continued success and growth of a business”. 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.

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. Your business' strategic drivers are the collection of people, conditions, and information that initiate and support activities that will help your company define and accomplish its goals. These drivers represent the key influences or factors that matter to the success of your organization. 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 success in business, many best-practices exist which can lead the founder of a firm on the path of success and profit.

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