Key Performance Indicators (KPI) reflect a company’s measurable goals to achieve and succeed. They can relate to any company in any industry and are vitally important to the success of a company.
Key Performance Indicators need to be carefully selected by a company; they need to be achieveable, but challenging and, most importantly, they need to be measurable so progress can be recorded.
As Key Performance Indicators reflect a company’s goals they do not alter or change often unless a company’s goals do or if a company is close to achieving their goal.
Koogar has KPI’s, do you?
To find out more about KPI and how it affects your company, tune in to RedShift Radio’s Business Day to Day show tomorrow between 10am – 12pm to listen to Koogar’s very own Amanda Daniels and her guest, Kathryn May of Matrix Analitix, as they discuss KPI in more detail.
Hi, many thanks to Amanda for inviting me onto the show. Very interesting show it was.
Just to add to the above, KPI’s should be set in line with yearly planning to identify what is needed of the business, the big importance is the monitoring of them regularly throughout the year to see if your business is responding as you had anticipated. The background to achieve this means ensuring your data is collected and housed, that the data accuracy is high and that the time is taken to understand the movement in the data shown through your reporting.
A problem identified today is easier to fix now with little damage than it is when identified 12 months after it started!
If anyone needs help with KPI’s, please feel free to contact me.
Kathy