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Why KPIs matter:
Any successful business owner will tell you that the key to success isn’t just about setting goals; it’s about understanding what goals your business should aim for and how to properly measure and pursue those goals.

Key Performance Indicators, or KPIs, allow business owners to set quantifiable goals that can be evaluated and measured. They provide a standard for grading your business success to help you create realistic business strategies to improve work. Most importantly, KPIs take the mystery out of management and help you hone in on what’s most important.

The KPI sniff test:
KPIs are great for engagement, but it's easy to get a little carried away by wanting to measure way too much! So before setting your KPIs, ask yourself these 3 simple questions:

- Can you keep the KPIs up-to-date (and live)?
- Will the KPIs have a significant impact to you and your company?
- Are the KPIs relevant?

Your copy of the KPI info-graphic:
If you’re interested in learning more about Key Performance Indicators, check out our info-graphic on creating KPIs for measuring business success and engaging your team. You’ll learn more about how you can introduce KPIs as a part of your business strategy.

Published in: Leadership & Management
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  1. 1. CREATING KPIS JD OR E/ s MEASURING BUSINESS SUCCESS AND ENGAGING YOUR TEAM Key Performance Indicators (KPls) help business leaders evaluate the success of business strategies by quantifying goals and performance over a period of time. Improve Improve Business Clarify Manager Decision-making Strategy Execution Expectations Employees Track Encourage Establish Future and Achieve Consistent Work Business Goals Company Goals and Strategies Don't measure KPIs? You're not alone. of organizations do not measure KP| s In a survey of 0 participants of 942 a KPI workshop. .. resources _ constrained their ability to track KP| s 30°/ o were uncertain how to start . . tracking KP| s How can you measure the effectiveness of that activity? Track KP| s by. .. What numbers sum up recent or long term business performance? Set long term and short term goals: Dany E Track three time periods: 3 Weekly i 90 days 5 M°”th'V E One year 5 A couple years down the road Asign of Below average The minimum solid performance performance at acceptable risk of dropping performance level into the red Sources: [1] Renaissance Solutions Sun/ ey, 1996 [2] Kaplan and Norton, Harvard Business School Press, The Strategy»Focused Organization, 2001 [3] Strategy & Leadership Journal, May/ June 1999 [4] Covey and Whitman, Predictable Results in Unpredictable Times, 2009 http: //cdn2.hubspot. net/ hub/45I02/fi | e—369I88282-pdf/ docs/ White_Papers/ RESULTS_Whitepaper_Rethinking—KP| s_Nov2013.pdf http: //web. resu| ts. com/ BIog/ bid/90693/The—magic—of»having»the»right—Key—Performance—| ndicators http: //thenounprojectcom EfiNationalPositions Profiiable Internet Marketing