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Why implement KPIs for decision making in your company?

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Why implement KPIs for decision making in your company?

In the words of Lucia Lopez , director of branding of Makro Spain and Portugal , digital KPIs are more immediate and useful to measure the success or failure of an action, to rely on it to taking decisions . However, according to Ken Koenemann , Vice President of Technology and Supply Chain North America, for KPIs to be effective, they need to belong to a robust process that includes a detailed work plan to transform high-level objectives into something meaningful. Buy Bitcoin Email Leads at every level of the company. In short, KPIs give the entire team a clear vision of what is important and what needs to be done. Having these indicators ensures that each employee will do what is necessary to meet or exceed their goals. We share some of those qualities that key performance indicators should have to deliver successful results to organizations:

Define objectives: Before being able to start with the KPIs strategy, it is necessary for organizations to be clear about their objectives , how they could achieve them and who can act to meet each of them. (Ex: Achieve one million sales through the online channel at the end of one year) Clear and concise: KPIs are a form of communication, so the clearer and more relevant the information is, the easier it can be incorporated and the more likely it will generate an action. Uae Phone Number (Ex: The main online shopping customers should be prospects from email marketing campaigns and activations on social networks) Quantifiable: The indicator must be able to be measured in numbers, because for example, the mood of the workers is important for the company, but it is very difficult to measure in numbers, so it could not be considered as KPI. Remember that KPIs must be measured very frequently.

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Correlative: The indicators should be related to each other to lead to obtaining the type of results that are desired in the company. Attributable: Each of the key performance indicators must be attributable to someone who is directly responsible. KPIs require commitment and responsibility from both managers and middle managers or even other professionals without a subordinate. Likewise, they can be used as a powerful tool associated with variable compensation. They must have a positive impact: Remember that KPIs always promote actions that have a positive impact on the performance of the company . Avoid situations in which a poorly defined metric causes dysfunctional behaviors in the organization.

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