Key performance indicator
Key Performance Indicator (often abbreviated as KPI) is a type of performance measurement that evaluates the success of an organization or of a particular activity in which it engages.
Definition[edit | edit source]
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the enterprise, while low-level KPIs may focus on processes in departments such as sales, marketing, HR, support and others.
Types of KPIs[edit | edit source]
There are two types of KPIs: high-level and low-level. High-level KPIs focus on the overall performance of the enterprise, while low-level KPIs focus on performance in departments such as sales, marketing, HR, support and others.
Importance of KPIs[edit | edit source]
KPIs are important in business as they provide an objective measure of progress towards a defined goal. They provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most.
See Also[edit | edit source]
References[edit | edit source]
Navigation: Wellness - Encyclopedia - Health topics - Disease Index - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro) available.
Advertise on WikiMD
WikiMD is not a substitute for professional medical advice. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.Contributors: Admin, Prab R. Tumpati, MD