Key performance indicators
Key performance indicators (KPIs) are specific metrics used by businesses to evaluate their progress towards achieving their strategic goals. These indicators are crucial for measuring the success of a business and identifying areas that need improvement.
There are many different types of KPIs that businesses can use, depending on their industry and goals. Some common examples of KPIs include:
- Sales growth
- Customer retention rate
- Profit margin
- Employee turnover rate
By tracking these KPIs, businesses can better understand their performance and make informed decisions to drive growth and success.
It is important for businesses to regularly review and update their KPIs to ensure they are aligned with their current objectives and strategies.
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