What Is a KPI? Definition, Types, Examples and Best Practices
Have you heard this quote from Edwards Deming? – “In God we trust, all others bring data.” In today’s competitive landscape, if you’re not measuring your performance and closely analyzing each relevant data point, you’re not going to see much success with your strategies. This is the golden rule no matter what type of business you run – whether you’re a small, local jewelry store or Coca-Cola. And KPIs (key performance indicators) help us do just that.