A performance indicator or key performance indicator is a type of performance measurement. An organization may use KPIs to evaluate its success, or to evaluate the success of a particular activity in which it is engaged. Sometimes success is defined in terms of making progress toward strategic goals, but often success is simply the repeated, periodic achievement of some level of operational goal. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. 'What is important' often depends on the department measuring the performance - e.g. the KPIs useful to finance will be quite different from the KPIs assigned to sales. Since there is a need to understand well what is important, various techniques to assess the present state of the business, and its key activities, are associated with the selection of performance indicators. These assessments often lead to the identification of potential improvements, so performance indicators are routinely associated with 'performance improvement' initiatives. A very common way to choose KPIs is to apply a management framework such as the balanced scorecard.
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The numerical value of performance indicator in Chaldean Numerology is: 6
The numerical value of performance indicator in Pythagorean Numerology is: 9
Sample Sentences & Example Usage
We developed a community marketing team whose KPI [key performance indicator] is to become a leader in topics via various online channels, in order to increase visibility and traffic, we have already successfully achieved this on Quora, and the results are very positive. Our community manager Gloria is now the most-read content provider in 13 channels important to our industry.
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"performance indicator." Definitions.net. STANDS4 LLC, 2018. Web. 25 Sep. 2018. <https://www.definitions.net/definition/performance+indicator>.