One of the definitions we have provided in this series was the definition of a Key Performance Indicator (KPI). Per author David Parmenter in his book “Key Performance Indicators”, A characteristic of a KPI is “non-financial in nature that can be measured daily yet can have a significant impact on operations”. For my financial colleagues, … More Leading vs. Lagging KPIs – What Successful Companies Measure
Downtime Leads to Higher Business Value Key Performance Indicators (KPIs) are designed to help us better manage our businesses. In his book Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, David Parmenter defined a KPI as something that is non-financial in nature, can be measured daily, and can have a significant impact on operations.” In this … More Human Resources Key Performance Indicators
QuickBooks Business Analytics with webKPI Sleeter Group Blogger Charlie Russell does a review on webKPI for the QuickBooks community.
“I never lost money turning a profit.” Bernard Baruch wrote that straightforward statement about the importance of making a profit. In order for any business to be healthy, it must have the best gross profit it can possibly achieve. Bottom line – it’s the number one thing that contributes to paying salaries, rent, marketing, and all … More Gross Profit KPIs: Tips to Beat the Margin
Author Alex Noble wrote in Sunshine through Shadows, “Success is not a place at which one arrives, but rather the spirit with which one undertakes and continues the journey.” Most people enjoy a sequel, so to borrow from Hollywood, I’ll will continue the journey with guns blazing on how to implement Key Performance Indicators (#KPIs) by … More Why Business Coaches Should Implement KPIs
You started the discovery process to identify the top 10 Key Performance Indicators using tips from my last column, “Not All KPIs are Treated Equally”. Remember the 10 KPIs selected shouldidentify the now so you can take corrective action. Now the question is how best to implement and empower the organizationto adopt these metrics? This column will … More Implementing KPIs – Tiger by the Tail
The DNA of a #KPI (Key Performance Indicator) can vary in importance based on how an organization leverages it. In my opinion, there are no bad KPIs. So what allows a KPI to rise to the top of business behavior management? Properly developed KPIs can serve as building blocks for the strategic direction of the company. As … More Not all KPIs are Treated Equally