Glossary Term

KPI (Key Performance Indicator)

What does KPI mean?

Measurable value indicating the success of an organization in achieving key business objectives.

KPI: What you Need to Know

A Key Performance Indicator (KPI) is a measurable value that indicates the success of an organization in achieving key business objectives and goals.

It includes metrics, targets, and benchmarks to assess performance, drive strategic decisions, and monitor progress towards predefined objectives.

Businesses use KPIs to evaluate performance, optimize processes, and align operational activities with strategic priorities for sustained growth.

KPIs enable data-driven decision-making, performance tracking, and continuous improvement across organizational functions and departments.

It includes metrics, targets, and benchmarks to assess performance, drive strategic decisions, and monitor progress towards predefined objectives.

Benefits include performance assessment, strategic alignment, and goal achievement through measurable metrics and targets.

Key Benefits

  • Measurable value indicating the success of an organization
  • Assesses performance, drives strategic decisions
  • Monitors progress towards predefined objectives

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