It’s often surprising and perhaps astounding at the lack of focus when it comes to measuring organizational success. Imagine buying stock and not being able to watch how the stock performs on a regular basis, how you would feel about your investment.
Key Performance Indicators, also known as KPI or Key Success Indicators (KSI), help an organization define and measure progress toward organizational goals.
Once an organization has analyzed its mission, identified all its stakeholders, and defined its goals, it needs a way to measure progress toward those goals. Key Performance Indicators are those measurements.
If a Key Performance Indicator is going to be of any value, there must be a way to accurately define and measure it. "Generate More Repeat Customers" is useless as a KPI without some way to distinguish between new and repeat customers. "Be The Most Popular Company" won't work as a KPI because there is no way to measure the company's popularity or compare it to others.
Once the developed and understood, the KPI’s must be executed upon. This is where the organizational mishap occurs, everyone knows what needs to be done, but not enough people know how to do it. Let Talent Blueprint help you link your people to your execution strategy.