When we talk about strategies within a company, generally the first thing that comes to people's minds is their planning, or their development, and although they are all important factors, there is one in particular that is considered the main gear: measuring results .
According to research, 78.1% of companies that constantly monitor their performance consider themselves successful, while those that do not do this see this number drop to 25.2%.
And to carry out this measurement properly, the famous KPIs are used, which help to understand whether the objectives are being met, and they can be extremely varied, as well as industrial china mobile phone number resource electric motors that can assist with fans, pumps, exhaust fans and so on.
In this text, we will show you how to monitor KPIs competently and assertively. Want to understand more about the topic? Then stay with us!
What are KPIs?
Before monitoring KPIs, it is necessary to understand what they mean. This is the acronym for Key Performance Indicator or, in a translation into Portuguese, key performance indicators , which have the main objective of measuring the performance of a company's strategies , in order to collaborate to achieve objectives effectively.
In short, KPIs help you understand what is going right or wrong within your business, which allows you to shape your strategies based on them.
What will be measured will depend on the objectives of each company, and may vary such as the number of sales, new customers, cash flow, satisfaction, among hundreds of others.
They serve as a true relief valve , indicating the correct path and guiding your decisions efficiently. Below, we talk in detail about how it is possible to monitor KPIs, check it out!
Choose what your goals will be
The first step is to choose which objectives of your company you want to measure. As mentioned above, they can be extremely varied, such as results in the marketing campaign, attracting new customers, inventory management, and so on.