Achieving growth objectives: what company, which thinks big, does not have this ambition? In fact, are there really entrepreneurs who don’t want their organization to prosper? Whether it’s by increasing sales, acquiring new markets, improving the customer experience, lowering production costs and more, there are many ways for a business leader to move towards success.
Exploiting accurate and reliable data to identify the areas for improvement necessary for the company’s prosperity is the reason why managers consider performance indicators (KPIs) more in their decision-making process.
However, to better achieve their objectives, more companies are turning to management strategies aimed at collecting measurable data to evaluate the performance of their operations from several angles.
Now that technology can automate and digitize more than 85% of a company’s operations, the data that is generated can be used to obtain very precise performance indicators. Through dashboards, which process the data used, it is even possible to visualize the behaviour of performance indicators in real time, which simplifies the strategic decision-making process.
Partly for these reasons, it is quite possible that you will hear more and more about the relevance of involving performance indicators in the management of your business objectives.
The following content will help you better understand the various components and concepts related to performance indicators in order to grasp their potential within your growth strategy.