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Strategies For BI Dashboards To Create SMART KPI

We frequently see owners not understand their business. They fail to log departmental metrics throughout the year, leaving them with an idling company wondering where problems lie.  KPIs measure your business's successes and failures. KPIs often called flash reports or dashboard Business Intelligence, give business owners and managers an overview of how their organization or particular departments perform.  A KPI compares company goals to actual, quantifiable data over time.  Not all KPIs measure business performance. Larger companies may have SMART KPI sets for each department or area. The term SMART KPI for businesses means that their Key Performance Indicators should:  - Specific - Measurable - Attainable - Relevant - Time-Bound  The manager who institutes the policy of using SMART KPI may describe them as 'SMARTER KPIs,' meaning that in addition to being SMART, the KPIs are also:  a. Explainable (simple to explain to your colleagues) and  b. Rela...

Top mistakes To Be Avoided While Working With KPI Metrics

Using KPI metrics but not getting the results that you expected? Or are you completely confused with the concept of Key Performance Indicators(KPIs)? We’d suggest that you don’t worry about it. To ensure your company avoids these pitfalls, we've compiled a list of the most frequently committed errors while using KPIs.  First things first: what is a Key Performance Indicator? Measuring success using KPI metrics is crucial for any business that wants to succeed over the long term. Businesses and teams use them to track the progress of current initiatives and operations. Maintaining normal operations requires constant vigilance over all the relevant KPI metrics.  Several businesses have used a variety of smart KPI metrics worldwide for many years. They are, nevertheless, often misunderstood and misused. That means many companies are missing out on the full potential of Key Performance Indicators.  As a result of Grow’s extensive experience assisting hundreds of businesses ...