Which term refers to 'Approaches that focus on key success factors'?

• A. Vision
• B. Values
• C. Strategies
• D. Mission

Answer: (C)

Strategies are the plans of action that guide how an organization will reach its objectives by concentrating on the factors that determine success. They translate high-level goals into concrete actions and prioritize resources around the key drivers of performance. In this sense, the approach centers on the critical areas that most influence outcomes. Vision describes where the organization wants to be in the future; values are the beliefs guiding behavior; a mission states the organization’s purpose. In maintenance reliability, focusing on key success factors means identifying the vital equipment, critical failure modes, and processes that most affect reliability, then shaping maintenance approaches around those factors.