Post by etikhatun669911 on May 2, 2024 5:49:44 GMT 1
KPIs , or Key Performance Indicators, as the name suggests, are a set of metrics that quantify and evaluate the performance of a business strategy based on the achievement of the goals set by the business strategy. Therefore, these metrics are crucial when designing a comprehensive dashboard to properly monitor company activities Canadian Hospitals Email List based on the interests and goals pursued by the company or organization. However, although the role of the KPI in the dashboard is decisive for achieving maximum effectiveness, the content of the dashboard will determine the use of different KPI indicators and the benefits obtained. tt0161343 KPI Indicators: Flexible, Efficient and Effective Dashboards Generally, when we talk about dashboards, we usually refer to comprehensive dashboards, that is, those that give us a comprehensive understanding of the progress of strategic commitments, through cost reduction Dashboards to facilitate decision-making. Implicit risks and help establish new corporate goals.
However, we must not forget that the main function of the scorecard, in addition to setting the strategic context and establishing goals, is to evaluate progress and allow adjustments and changes to the adopted strategy, so any scorecard must be efficient and reliable . Be effective, yet flexible, adaptable, and adaptable to new needs and circumstances that may arise. Therefore, we can distinguish different dashboards based on their content and functionality: with it we will have a set of tools that, under the common consideration of the dashboard, we can respond satisfactorily to the needs of the dashboard. The requirements of efficiency, effectiveness and flexibility that we mentioned earlier. Of course, the role that KPI indicators play in each case will also be different (albeit fundamentally). Let's look at it in detail. KPI indicators and dashboards according to content BAM : Business activity monitoring or dashboards for monitoring business activities. By using KPI indicators to monitor corporate activities in real time, short-term decisions can be made that are suitable for the adopted framework strategy.
Scorecard: The scorecard provides information about the goals according to the framework strategy adopted, showing not only progress indicators ( KPIs ) but also achievement indicators and achievement of the proposed goals ( KGIs ). Dashboard: A dashboard that displays KPI indicators independently of the goals set by the framework strategy, which can evaluate their effectiveness, measure the progress of corporate activities, and make timely corrections and modifications when necessary to adjust corporate performance. Strategies to adapt to the new requirements imposed by a changing and evolving reality. To sum up, we can be sure that the efficiency and effectiveness of the balanced scorecard depend to a large extent on its flexibility and adaptability, its functions and the content it is equipped with, and progress indicators ( KPIs ) are absolutely To the necessary. The guide " 12 Key Points for Defining a Balanced Scorecard ", which you can download for free without waiting by clicking on the link or visiting the Resources and Training section of our website, explains the key to defining, implementing and developing an agile and balanced scorecard. The main points needed. Effective management team.
However, we must not forget that the main function of the scorecard, in addition to setting the strategic context and establishing goals, is to evaluate progress and allow adjustments and changes to the adopted strategy, so any scorecard must be efficient and reliable . Be effective, yet flexible, adaptable, and adaptable to new needs and circumstances that may arise. Therefore, we can distinguish different dashboards based on their content and functionality: with it we will have a set of tools that, under the common consideration of the dashboard, we can respond satisfactorily to the needs of the dashboard. The requirements of efficiency, effectiveness and flexibility that we mentioned earlier. Of course, the role that KPI indicators play in each case will also be different (albeit fundamentally). Let's look at it in detail. KPI indicators and dashboards according to content BAM : Business activity monitoring or dashboards for monitoring business activities. By using KPI indicators to monitor corporate activities in real time, short-term decisions can be made that are suitable for the adopted framework strategy.
Scorecard: The scorecard provides information about the goals according to the framework strategy adopted, showing not only progress indicators ( KPIs ) but also achievement indicators and achievement of the proposed goals ( KGIs ). Dashboard: A dashboard that displays KPI indicators independently of the goals set by the framework strategy, which can evaluate their effectiveness, measure the progress of corporate activities, and make timely corrections and modifications when necessary to adjust corporate performance. Strategies to adapt to the new requirements imposed by a changing and evolving reality. To sum up, we can be sure that the efficiency and effectiveness of the balanced scorecard depend to a large extent on its flexibility and adaptability, its functions and the content it is equipped with, and progress indicators ( KPIs ) are absolutely To the necessary. The guide " 12 Key Points for Defining a Balanced Scorecard ", which you can download for free without waiting by clicking on the link or visiting the Resources and Training section of our website, explains the key to defining, implementing and developing an agile and balanced scorecard. The main points needed. Effective management team.