Performance Measurement

KPIs and KPI Dashboards

A Key Performance Indicators (KPI) Dashboard lists the key metrics for your success and your status in achieving those metrics.  

68% of respondents to a survey stated that using Key Performance Indicators (KPIs) had a positive impact on their organization. 

Benefits of KPI dashboards include:

  • Communication of the company’s priorities
  • Clear definitions of success
  • Motivation
  • Continuous feedback for rapid adjustments
  • Accountability

Objectives and Key Results (OKRs)

Objectives and Key Results, also known as OKRs, have become very popular for improving company performance. They have powered success at companies like Google, Intel, and Intuit.  

The structure of OKRs is very simple. An OKR is comprised of:

1. An objective: an outcome you want to achieve

2. Key results: the criteria to measure the achievement of an objective

This simplicity and clarity attract many business leaders to OKRs. Each objective is a significant step toward increasing value for your company, employees, and customers. OKRs align your company’s efforts to achieve your company’s strategy. They help with goal setting, decluttering, goal achievement, and so much more.

Accelerate your success with FAST

FAST (Finance and Strategy Toolkit) is a membership program that gives you access to a massive collection of resources for small business advisors and staff. The right tools save you time, reduce your stress, and improve your effectiveness.

Key Performance Indicators (KPIs) and KPI Dashboards

KPIs are more than metrics. They’re the foundation of your most important decisions. KPIs define success to drive success. This course will explain:

  • How to choose metrics and set targets
  • KPI dashboard tools and tips
  • The process of implementing KPIs
  • Managing and compensating with KPIs
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