Skip to main content

What does KPI mean?

KPI means Key Performance Indicator

In Dutch, the term critical performance indicators are often used in both languages, such as KPI or KPIs. It is a management tool to analyse the performance of a company. KPIs are a good management tool because they are based on a strong effect on multiple result areas: profitability, Klanttevredeneheid, employee satisfaction and corporate social responsibility (CSR). Each organization has only a number of KPIs (the most important) therefore they are often difficult to figure out. If a company has a strategic goal to achieve the fastest growth in the industry, a KPI can be revenue or revenue growth. A KPI is a measurement method for quantifying an objective, so the strategy can be measured. A KPI can provide important information to the Organization: the development of the company can be followed in the past and compared with the competition. In the long term, a prediction can also be made.

Leave a Reply

Your email address will not be published.