A key performance indicator (KPI) is a type ofmetricthat helps you quantify your business objectives and measure your progress to those objectives. As the name implies, KPIs should measure the results that are most important to your business. They track your progress toward your high-level strat...
A key performance indicator, or KPI for short, is one gauge of how well your business is hitting its performance targets. Learn more.
A key performance indicator (KPI) is a main measurement of performance used to track goals and quantify outcomes.
A KPI is short for a key performance indicator, a measurable and quantifiable metric used to track progress towards a specific goal or objective. KPIs help organizations identify strengths and weaknesses, make data-driven decisions, and optimize performance....
What is a Key Performance Indicator? Key performance indicators (KPIs) are also referred to as metrics. Key performance indicators are measurements of various aspects of how businesses and processes perform. They fulfil two main objectives in the short and long term. ...
To ensure a good and effective key performance indicator, it should possess the characteristics ofSMART Goals: Specific– A good KPI is straightforward, leaving no room for ambiguity. It should clearly define what is being measured and how success will be determined. ...
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives. Read our KPI guide to learn the meaning of the term.
Key performance indicators, emphasizing the “key,” will vary across organizations and industries. There’s an enormous amount of KPIs per industry, and you surely don’t have to implement each and every KPI available. The main thing to remember is to know your strategic goals, what you want...
laggingKey Performance Indicators (KPIs)are the critical (key) indicators of progress toward an intended result. KPIs provides a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most. As Peter Drucker famously said...
A KPI is a key performance indicator: data that has been collected, analyzed, and summarized to help decision-making in a business. KPIs may be a single calculation or value that summarizes a period of activity, such as “450 sales in October.” By themselves, KPIs do not add any value...