Are key performance indicators KPI necessary for success?

[Alexandoy]

If the evaluation is accurate and the evaluator is not biased or has no prejudice then the KPI can be a guage for the performance. But personally I am against this method because it has lots of loopholes. When I was operations manager what I suggested was the periodic performance report submitted by the employees. It would be the main basis for the performance evaluation.

 

[Georgeadawara]

Yeah key performance indicator is good in other to know how much more you succeed in any business you are running or the other

 

[FreshKaz11]

Not everyone is familiar with Key Performance Indicators because it isn’t a core value in all business or organizations. KPI are set of performance measurements that shows how effective an organization is achieving their goals and key objectives. They are called indicators which means they require data to help measure and track performance over time which means there can be failure of data are not accurately collected.


Do you really think KPI is the determination of a business success?

I just heard about this now and I don't think this will determine the faith of a business, because back then when I run a business with my family there is not like KPI and the business go on smoothly.

 

[Sheyemanu]

In reply to your question in the above post asking if KPI- key performance indicators are ley to the success of a business, well first of all, I would like to say that this is the first time I am hearing of KPI so I think businesses will do well without it

 

[Richard92]

A key performance indicator is very important in order for you to achieve success. This shows you how far you have gone, things you have put in place and how much you have achieve in striving for success.

 

[Setho]

When you set up a business, you will always want to track progress and know exactly how things are going and kpls are what will help you to measure all this things .

 

[tyrim88]

An organisation that has its vision statement outlined and the mission statement to accomplish that is very neccessary to keep a proper data of its business activities inorder to know if its short term goals and long trem goals are being meet.performance indicator is a measurement tool to know how your business is performing.

 

[btaliat]

It is very important for a business owner to set key performance indicators for the business to monitor the performance of the business. This will alow the business owner to either try harder or avoid some stuff

 

[Setho]

It is of utmost importance that you should make informed decision in your business. This is where the key performance indicators come into place to guide you.

 

[tyrim88]

This value is a function of goals the organisation has set for itself to acheive.their success rate on how far they have performed has to be measureed by a verifiable parameter or indices,this will help them know how far they have fared in acheiving their set goals.
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This value is a function of goals the organisation has set for itself to acheive.their success rate on how far they have performed has to be measureed by a verifiable parameter or indices,this will help them know how far they have fared in acheiving their set goals.

 

[Kane]

In order to ensure that your business is regularly making profits, you need to regularly check the performance indicators. You will have to check the sales, the product or manufacturing line, marketing strategies etc.

 

[Ceeny007]

In these modern times where data are used to make analysis and for decision making key performance indicators are very important

 

[Setho]

Key performance indicators are very important and you should also try to monitor them at a very regular interval so that you will be able to make informed decision in case anything is going wrong.

 

[Kvngsammy]

They're not a major determinant but they help greatly in showing indices that would help in taking the business to the next level.
Indices like RPC (Revenue per client) help to track productivity in business

 

[Elfinito]

KPI is necessary and it really helps in the development and improvement in any business because it shows areas that are lacking

 

[Seno inyang]

This is a good indicator for the measure of the success of a business. I think it's a YES because it helps a business owner to know when and where to lay adjustments in the business.

 

[Ezekiel]

I feel it is not a compulsory issue rather it is a necessity,this will really work for the large scale and not the smaller scale business that are still struggling with o survive

 

[kayode10]

You need a key performance indicator in your business as it will help you to measure growth in terms of output. Big business don't joker with something like this because they know it is a great determinant for the business success.

 

[Heatman]

KPI is used to measure the progress and outcome of a business,KPI helps to check in place the performance of the business, a good KPI is a significant that the outcome is positive

It's more like what feedback does for your business no matter how little it seems. It gives you an insight to what your business customers feel about using your business product and services.

 

[kayode10]

It can be very hard to measure business success if you don't have this indicator ready to measure. You can hire an expert to design the indicators for you.