Written by Symestic | Jun 5, 2024 2:24:52 AM
Key Performance Indicators (KPIs) are specific key figures that measure progress towards strategic goals. They are crucial for the performance evaluation and management of companies.
- Strategic relevance: Measure progress towards key objectives.
- Measurability: Clear, quantifiable indicators.
- Goal orientation: Help to monitor goal achievement.
Advantages:
- Transparency: Provides clear insights into performance.
- Focus: Concentrates on the most important success factors.
- Proactivity: Enables early corrective action.