Maximize Team Performance with KPIs: An Early-Career Manager’s Guide to Key Performance Indicators
KPIs are used in every business, but few use them effectively. This article will show you how to KPIs the right way.
In any strategic planning meeting, coaching session or performance review, you’ll likely discuss KPIs. You might hear them referred to as ‘performance metrics’, ‘fundamentals’, or my favourite, ‘the numbers’. No matter what your team calls them, we’re all talking about the same thing: Key Performance Indicators.
The trouble is, if you ask 5 different people what the purpose of a KPI is, you’ll likely get 5 different answers. That’s because, while KPIs are ubiquitous in today’s competitive business environments, the term has become overused and misunderstood. You could say KPIs have joined other powerful but oft-misused terms like ‘synergy’, ‘proactive’ and ‘coaching’.
While KPIs are used across almost every business, few businesses use them effectively. This is a problem because, in today’s competitive markets, businesses fail quickly if they can’t keep pace with their competitors. This article will help by showing you how KPIs can be used to drive performance with your team.
