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KPA/KPI: Illustration of Good KPI
Published by slang April 19th, 2006 in Finance Role/KPA/KPIIt’s crucial to note that KPIs is to give your business, quantifiable measurements of things.
By determining the correct KPIs, you are able to determine the long-term success of your company since the identification of the most important KPIs is the first step towards realizing increased profitability and efficiency for your business.
As reiterated in my previous articles, KPI must be:
S -Specific
M-Measurable
A- Ambitious
R- Realistic
T- Time Bound
Below I have tabulated an example of a Good versus Bad KPI
| Bad KPI | Comments | Good KPI |
| Increase Sales | Does not meet SMART rule:
|
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