Post by account_disabled on Mar 5, 2024 5:33:48 GMT
KPIs or Key Performance Indicators , are, as the name itself denotes, a set of metric indicators that allow quantifying and evaluating the performance of a business strategy based on the achievement of the objectives set by it. These indicators are, therefore, essential when designing comprehensive dashboards that allow correct monitoring of corporate activity according to the interests and objectives pursued by a company or organization. However, although the role of KPIs in dashboards is decisive in achieving maximum effectiveness, the content of a dashboard will determine the use made and the benefit obtained from the different KPI indicators. tt0161343 KPI indicators: flexible, efficient and effective dashboards In general, when we talk about dashboards we usually refer to comprehensive dashboards, that is, those that allow us to have a comprehensive view of the progress of a strategic commitment, facilitate decision making by reducing the risks implicit in them and help establish new corporate objectives.
However, we must not forget that the main function of a scorecard, in addition to setting a strategic context and establishing objectives, is also to evaluate progress and allow adjustments and changes in the strategies adopted, so any scorecard It must be, while efficient and effective, also sufficiently flexible, adjustable and adaptable to new needs and contexts that may arise. Therefore, the distinction that we can establish between different dashboards according to their contents and functions is not minor: thanks to it we will have a set of tools that, under the common consideration of dashboard, will allow us Chile Mobile Number List to give a satisfactory response to the demands of efficiency, effectiveness and flexibility that we stated previously. And, of course, the role played by KPI indicators will also be different (although fundamental) in each case. Let's look at it in some detail. KPI indicators and dashboards according to content BAM: Business Activity Monitoring, or dashboards to monitor business activity, allow short-term decisions to be made appropriate to the framework strategy adopted thanks to the use of KPI indicators to monitor corporate activity in real time.
Scorecarding: scorecard that provides information on objectives based on the adopted framework strategy, showing not only progress indicators (KPI) but also indicators of achievement and achievement of proposed objectives (KGI). Dashboarding: dashboards that allow KPI indicators to be displayed independently of the objectives set by the framework strategy, with which it is possible to evaluate their effectiveness to measure the progress of corporate activity and, if necessary, make corrections and modifications timely to adjust the corporate strategy to the new demands imposed by a reality in constant change and evolution. In conclusion, we can affirm that the efficiency and effectiveness of a balanced scorecard depends largely on its flexibility and adaptability, its functionality and the contents it is equipped with, something for which Progress indicators, or KPIs, are absolutely essential. In the guide 12 keys to defining a balanced scorecard , which you can download for free and without waiting by clicking on the link or going to the resources and training section of our website, the main keys necessary to define, implement and develop a flexible and effective management team.
However, we must not forget that the main function of a scorecard, in addition to setting a strategic context and establishing objectives, is also to evaluate progress and allow adjustments and changes in the strategies adopted, so any scorecard It must be, while efficient and effective, also sufficiently flexible, adjustable and adaptable to new needs and contexts that may arise. Therefore, the distinction that we can establish between different dashboards according to their contents and functions is not minor: thanks to it we will have a set of tools that, under the common consideration of dashboard, will allow us Chile Mobile Number List to give a satisfactory response to the demands of efficiency, effectiveness and flexibility that we stated previously. And, of course, the role played by KPI indicators will also be different (although fundamental) in each case. Let's look at it in some detail. KPI indicators and dashboards according to content BAM: Business Activity Monitoring, or dashboards to monitor business activity, allow short-term decisions to be made appropriate to the framework strategy adopted thanks to the use of KPI indicators to monitor corporate activity in real time.
Scorecarding: scorecard that provides information on objectives based on the adopted framework strategy, showing not only progress indicators (KPI) but also indicators of achievement and achievement of proposed objectives (KGI). Dashboarding: dashboards that allow KPI indicators to be displayed independently of the objectives set by the framework strategy, with which it is possible to evaluate their effectiveness to measure the progress of corporate activity and, if necessary, make corrections and modifications timely to adjust the corporate strategy to the new demands imposed by a reality in constant change and evolution. In conclusion, we can affirm that the efficiency and effectiveness of a balanced scorecard depends largely on its flexibility and adaptability, its functionality and the contents it is equipped with, something for which Progress indicators, or KPIs, are absolutely essential. In the guide 12 keys to defining a balanced scorecard , which you can download for free and without waiting by clicking on the link or going to the resources and training section of our website, the main keys necessary to define, implement and develop a flexible and effective management team.
