Business Strategy

CRITICAL SUCCESS FACTORS

Critical success factors (CSFs) Critical success factors are factors that are essential to the strategic success of a business entity. They have been defined as: ‘those components of strategy in which the organisation must excel to out-perform competition’ (Johnson and Scholes). Identifying and managing these factors is essential for achieving strategic goals and objectives. CSFs […]

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THE OECD PRINCIPLES OF CORPORATE GOVERNANCE

Introduction Corporate governance is the system by which companies are directed and controlled. The term ‘corporate governance’ means the governance of companies (corporate bodies). Similar issues arise for the governance of other entities, such as government bodies, state-owned entities and non-government organisations such as charities. Cadbury Report (1992). Corporate governance is one key element in

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