Terry Corbell, The Biz Coach
By Terry Corbell
Business Consultant

Best Strategies to Use Online Key Performance Indicators



With all the key performance indicators (KPIs), it can be daunting to pick the right ones to accurately monitor and strongly increase your company’s performance.

So to pick the right KPIs, your two missions are to select the most-valuable ones for your sector and business, and to manage them effectively.

Basically, a KPI is a metric that helps you analyze your company’s strengths and weaknesses and to predict potential obstacles to success.

For instance, a typical example is to measure your customer service in solving issues.

A KPI will gauge how long it takes your staff to respond to problems.

Later, a KPI will draw comparisons in order for you to learn if your team has improved.

In essence, you also need to specifically use KPIs that are relevant to your business situation.

They need to be quantifiable in determining your headway.

Your KPIs have to be SMART – the acronym for the following:

  1. Specific
  2. Measurable
  3. Achievable
  4. Relevant
  5. Time-limited

For a comprehensive explanation, following is a great infographic: “How to Use the Best Online KPIs to Boost Your Company’s Growth” (Courtesy of Skilled, skilled.co).

From the Coach’s Corner, here are related articles:

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Productivity – 7 Steps to Build Performance Indicators — For performance-measurement in human-resource administration, the key is to design measurement systems to drive engagement, productivity and quality. Here’s how.

Strategy: How You Can Capitalize on Predictive Analysis — The promise of predictive analysis: Obtain forward-looking insights to innovate and quickly recognize opportunities for growth.

4 Ways Marketing and IT Can Create Business Revenue — Businesses will generate more revenue if their information technology and marketing professionals strategize more effectively. Here’s how.

To Realize Your Business Vision, 8 Best Practices for Setting Goals — Whatever your situation, to realize your vision, focusing on the right details is a skill conducive for strategically setting goals. Here are eight best practices.

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Clues You Need a Vision Plan for Growth – How to Write It — If you don’t have a written vision for fast growth, the reality is that you’re losing out on potential business. A written business plan is best. But if you don’t have the time and resources to write it, go to plan B – a vision plan.

“Is it not strange that desire should so many years outlive performance?”

-William Shakespeare


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Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.





Photo courtesy patrisyu at www.freedigitalphotos.net

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Seattle business consultant Terry Corbell provides high-performance management services and strategies.