As a manager, you always want to have a view of the 'big picture' of what's going on with your business. That is, you want to see the zoomed-out view that has every moving part and how they work together. Easier said than done. Sometimes, the...
Building an effective dashboard means keeping it simple. You don’t want to spend a few minutes trying to figure out what the vast array of charts and graphs mean. So you need to limit the KPIs and metrics that you show to only those that...
The World, your suppliers, your customers, your market...
In performance management we often talk about “lagging” and “leading” indicators. We will try to clearly explain what do they mean exactly? Lagging indicators are typically “output” oriented, easy to measure, but most of the time hard to improve or influence. Leading indicators are typically input oriented,...
What do we need to measure? In the question above, what do we need to measure, a part of the definition of KPI is hidden. A performance indicator or key performance indicator (KPI) is a measure of performance. Such measures are used by companies to define and...
Understanding Your Companies Strengths And Weaknesses It is imperative as a business owner, manager, or performance analyst that you make sure you understand your company’s Key Performance Indicators (KPI). Key Performance Indicators stand your company analysts Sure, you have people storing everything in those “pretty” Excel Dashboards;...
Most of the world’s greatest leaders in management thought insist that measuring the performance of your organization or business is essential for it to succeed. There are no qualms about this subject. If you wish to improve company’s business performance or any other aspect, you must first measure...