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There are clear and measurable differences that exist between organizations that use Key Performance Indicators (KPIs) to monitor and assess performance and those that use KPIs to guide and drive performance improvements. Data-driven and customer-oriented leaders use KPIs to transform their organization, while those more concerned with hitting their numbers remain focused on efficiencies. Who is better positioned to adapt, evolve, and compete?

More sophisticated managers explicitly use KPIs to promote cross-functional—not just vertical—alignment. For them, KPIs are the means and methods for rigorously defining and measuring the fundamentals that matter. To be effective, KPIs must be able to clearly communicate how it tracks Value Creation and delivers value for our stakeholders—customers, employees, and investors.

This framework provides practical and actionable next steps for organizations to obtain greater value and returns from their KPI investments. It discusses 4 best practices around KPIs:

1. Focus on Customer Experience (CX)
2. Identify Top Enterprise and Top Functional KPIs
3. Foster Enterprise-wide Discussion of KPIs
4. Treat KPIs as a Special Class of Data

The 4 KPI best practices are every organization's guide to using KPIs to guide and drive performance improvements.

This deck also includes slide templates for you to use in your own business presentations.

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Source: Key Performance Indicators (KPIs): Best Practices PowerPoint document

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Key Performance Indicators (KPIs): Best Practices

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Performance Management, Key Performance Indicators

Number of Slides: 21

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Upload date (first version): Dec 27, 2019

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