Key performance indicator - Revision history

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A '''Key Performance Indicator''' (sometimes shortened to performance indicator or simply KPI, or also sometimes called Key Success Indicator<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>) is a sort of benchmark or [[checkpoint]] used by [[business]]es to determine whether they are succeeding or not. While a business may (and probably should) have wide, open-ended goals, these are specific, measurable goals.<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>

==Examples of Good and Bad KPIs==
*"Get out of debt within three years" - Probably reasonable, depending on income, overhead, and debt.
*"Get out of debt within forty years" - Probably not acceptable, depending on the budget. KPIs should not generally be so long-term, nor should they require minimal effort.
*"Become popular" - Invalid, because how is popularity determined?
*"Gain ten thousand customers in the first month" - Probably unreasonable, since KPIs should be achievable but not unreasonable.
*"Achieve one thousand Facebook likes in the first three months" - Reasonable, and implies some popularity though does not is not a certain conclusion.

==References==
{{reflist}}

[[category:Management]]

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-A '''Key Performance Indicator''' (sometimes shortened to performance indicator or simply KPI, or also sometimes called Key Success Indicator<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>) is a sort of benchmark or [[checkpoint]] used by [[business]]es to determine whether they are succeeding or not.  While a business may (and probably should) have wide, open-ended goals, these are specific, measurable goals.<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref><ref>http://www.wisegeek.org/what-are-kpis.htm</ref>
+A '''Key Performance Indicator''' (sometimes shortened to performance indicator or simply KPI, or also sometimes called Key Success Indicator<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>) is a sort of benchmark or [[checkpoint]] used by [[business]]es to determine whether they are succeeding or not.  While a business may (and probably should) have wide, open-ended goals, these are specific, measurable goals.<ref name="about.com"/><ref>http://www.wisegeek.org/what-are-kpis.htm</ref>
 ==Examples of Good and Bad KPIs==
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 {{reflist}}
-[[category:Management]]
+[[Category:Management]]

← Older revision		Revision as of 03:16, April 8, 2016
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−	A '''Key Performance Indicator''' (sometimes shortened to performance indicator or simply KPI, or also sometimes called Key Success Indicator<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>) is a sort of benchmark or [[checkpoint]] used by [[business]]es to determine whether they are succeeding or not. While a business may (and probably should) have wide, open-ended goals, these are specific, measurable goals.<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>	+	A '''Key Performance Indicator''' (sometimes shortened to performance indicator or simply KPI, or also sometimes called Key Success Indicator<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref>) is a sort of benchmark or [[checkpoint]] used by [[business]]es to determine whether they are succeeding or not. While a business may (and probably should) have wide, open-ended goals, these are specific, measurable goals.<ref name="about.com">http://management.about.com/cs/generalmanagement/a/keyperfindic.htm</ref><ref>http://www.wisegeek.org/what-are-kpis.htm</ref>

	==Examples of Good and Bad KPIs==		==Examples of Good and Bad KPIs==