Discover the power of Key Performance Indicators (KPIs) to achieve business success!
If you're looking for a way to measure your business's progress and stay ahead of the competition, the best way is by having key performance indicators (KPIs). But did you know that there are two different types of KPIs?
Lagging KPIs: A glimpse into the past!
Measure what has already happened, such as sales numbers and costs. These indicators provide valuable insight into your progress towards your goals and objectives. But what about the future?
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Leading KPIs: A window into the future!
That's where Leading KPIs come in. These KPIs, such as the number of enquiries, help predict future sales and give you the ability to plan and make strategic decisions. The key difference between Leading and Lagging KPIs is that Leading KPIs indicate where you're likely to go, while Lagging KPIs only measure what you have already achieved.
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Leading KPIs are the key to unlocking success. By monitoring these indicators, you can take corrective actions early and make a difference in the outcome. Don't rely solely on Lagging KPIs in your business planning and goal setting. Consider including one or two Leading KPIs to give you the competitive advantage and the ability to initiate corrective actions if needed.
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Empower your business with the power of Leading KPIs now!
?? Industrial Solar Development Lead
3 周Bea, thanks for sharing!
Operations Management || Project Manager || Logistic Processes || Engineering
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