- They are a scorecard for company health- you only need a handful of KPIs to monitor your company's vital signs. Only measure what you want to move so you can put energy where you want to effect change.
- They can be a Dashboard for specific business problems or opportunities - you can track what's happened in the past and the results you want to achieve with Lagging (Results) Indicators. Then, you can also measure Leading Indicators to ensure you are on track to achieve the results you want. Leading Indicators give you an execution advantage over your competition.
Below you will find 5 tips to help you evaluate your current KPIs, create the right KPIs, and use them to drive results in your business.