Thread by @edubridge_ng

Key Performance Indicators (KPIs)

KPIs are a set of measures that focus on the aspects of organizational performance that are most needed for current and future success of the organization.

There are a few KPIs in an organization (no more than ten), and they have certain characteristics. Viz;

- They are non-financial process of measures.
- They are done frequently; most likely daily, weekly, monthly
- They are introduced by the CEO and the senior management.

- They are recognizable by the staff
- They are an individuals’ responsibility
- They affect the organization significantly
- They also have a positive influence on other measures

According to @Unilytics, Here are 5 Steps to Actionable Key Performance Indicators; unilytics.com/5-steps-to-act…

1. Establish Goals and Objectives
2. Establish Critical Success Factors (CSF) from the Goals & Objectives
3. Establish Key Performance Indicator (KPI) from CSF

4. Collect Measures
5. Calculate Metrics from Measures.

A good example of a good KPI will be;

Step 1: Increase Sales (Goal)
Step 2: Increase Leads by 25% over the next 12 months. (CSF)
Step 3: Percentage of visitors converting to leads as compared to last month (KPI)

Step 4: (Metrics)
Average pages viewed per visit compared to last period

Leads per referrer compared to last period

Percentage of visitors converting to leads as compared to last month

Conversion ratio of visitors to leads

Percent new visitors compared to last period etc.

Step 5: (Measure)
Page views

Visitors

Keywords

Pdf downloads

Etc.

Remember this one thing about KPIs and you’ll be set: KPIs are guideposts designed to illuminate your path and keep your end goal in perspective.

Smart KPIs don’t require giant leaps to achieve; they focus on small, achievable steps that keep your goal in sight and keep your team motivated.

Have you thought about building a personal KPI?

In this article, klipfolio.com/blog/personal-…, @klipfolio highlights several steps on how to build personal Key Performance Indicators.

In setting your own personal KPIs, it's important to consider your end goal and then ask yourself: "What do I need today to start on this path?"

If your goal is to wake up every morning at 5AM, but today you struggle to get out of bed by 7AM, it’s a bad idea to just switch your alarm clock. I bet you’ll get better results by moving your alarm back 15 minutes every week for a couple months.

Same approach goes to creating To-Do or testing your career progress by setting specific relevant goals that has time-frame and can be measured.

All these is to set a guide light around what you need to do and how best you can achieve more within the shortest period.