KPI – The bigger picture

Imagine a scenario where you ran a business that had no system to track growth. You had no clue if your company made a profit or loss, which of your employees were actually providing value to your organisation and who were not. Would it make sense of working in an environment like that? No, it wouldn’t! This is the reason why KPI was invented – to view the bigger picture and measure growth rate.

In lieu of this, NineStack organised their ShareIt session conducted by Gilroy to shine a bit more light on this topic.

What are KPI and its importance?

“If you wish to improve it, you must measure it.” – Unknown

The session began on a very interesting note by the Chief Information Officer in the USA, who defined KPI as “Performance measurement estimates the parameters under which programs, investments, and acquisitions are reaching the targeted results”.

An organisation is an administrative and functional structure, made up of people who work together to make the company big. It comprises of a mission and vision, which are a few objectives the company wishes to achieve. It also defines the future position that the company aspires to be at. That being said, KPI becomes important to measure the direction and progress towards achieving the company’s mission and vision.

Key Performance Indicators (KPI) are very critical to indicate progress. They provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most.

“You have to measure what you want to get done.” – Peter Drucker

All the companies under Nordic Intent strive hard to achieve their goals and have come a great way in a very short span of time. All the employees maintain a positive and supportive work environment via such training sessions, to contribute to their fellow mates progress.

What does your company think about KPI, and do you’ll keep a track of it? Let us know in the comments below.