What is considered to be the most important indicator for company long term success?

A company’s bottom line profit margin is the best single indicator of its financial health and long-term viability.

What is OKR and KRA?

OKRs, a.k.a. Objectives and Key Results: These are a set of challenging goals that is public to the whole team. KRAs, a.k.a. Key Result Areas: These are individual daily or monthly tasks that align with the overall business strategy. These should be essential to hit KPI and OKR areas and must be under your own control.

What are key performance indicators (KPIs)?

Key performance indicators, or KPIs, are an important component of measuring a company’s progress toward attaining its goals. These tools can indicate whether an organization is on track to reaching its objectives or if action needs to be taken by a company to realign itself with the goals it has set.

Should you track KPIs for your training program?

If your training program is brand new, it’s okay to focus on KPIs specific to the training itself, but as your program grows, you’ll need to add more KPIs that show how training is influencing overall business results. Tracking KPIs can feel like a lot of work, but there is plenty of technology available to make it streamlined and simple.

How to choose the right KPI for your business?

Attainable: The KPIs should measure data you can easily obtain. Accurate: The data you use to measure and monitor performance should be accurate and reliable. Actionable: The KPI should give you insight into the business’ performance that you can take action on.

What are strategic KPIs?

Strategic KPIs are focused on long term objectives derived from an organizations goals. They help identify if a strategy is working and if it is on target. As such these KPIs are sometimes referred to as High Level KPIs. When it comes to Key Performance Indicators, Presentation Is Everything.