What Does KPI Stand for and Mean?

Is a Metric Really a Key Performance Indicator?

To measure the success of business goals, metrics are often used because they are easily measurable. These metrics can indicate which programs or areas of a business are finding success and which ones need some tinkering, change, or to just be abandoned altogether. One of the common issues that people face with metrics is the determination as to whether or not a specific metric should also be a key performance indicator, or a KPI.

How can you distinguish one from the other? How do you know if they should be combined?

A KPI Always Fits In With an Agency’s Mission

Each KPI will look different from other KPIs. A KPI is always a metric, but a metric is not always a KPI. One of the key differences between a metric and a metric that is also a KPI is that it fits in with the agency’s overall mission. Many metrics are designed to specifically measure the success or failure of a specific program, opportunity, or component of the job at hand.

A metric that is also a KPI will measure the success or failure of the agency’s overall mission in some way. It could be a metric that looks at the impact of the mission statement on a community or it could be the measurement of key funding measures.

A KPI Provides Measurable Context

Metrics may provide context in a specific area, but a KPI measures an achievable context based on many other metrics. For example:

• You may have several metrics that measure your blogging performance. From posts per day to length of post to the amount of links included, each measurement you use is a metric.
• Each metric lends to another metric, which is the amount of people who are subscribing to your blog’s RSS feed.
• That metric, which measures success or failure of RSS subscriptions, would be a KPI. The other metrics would contribute to that KPI.

It is important to remember that a KPI is set by the executive management of a corporation and not by individual employees or lower level managers. That doesn’t mean, however, that each tier of employee won’t set individual metrics.

It Is Important To Remember That Metrics and a KPI Are Not Interchangeable

Just because there is a metric that is being used doesn’t mean that it is a KPI. Not every metric is a KPI, which means these two terms are not interchangeable. A non-beneficial KPI can truly damage a company, whereas a non-beneficial measurement might also create damage, but on a much lower scale since it only affects one component of the overall agency.

By remembering these important distinctions, you’ll be able to recognize what metrics you’re assigned to meet and what your overall KPIs you’ll want to hit as well. This will help you and your business find greater overall success!

Femminilità sofisticata e strutturata quella espressa hogan outlet dalla nuova collezione borse Céline per la primavera hogan outlet online La collezione, affidata alla designer inglese Phoebe nike tn Philo, presenta borse a soffietto, alcune con i nike tn pas cher richiami glam secondo i trend di stagione, come pjs pas cher le borchie, ma anche particolari e originaliparajumpers pas cher maxi shopper rettangolari che siwoolrich outlet Ogni nuova collezione Chanel crea un’aspettativaoutlet woolrich online altissima che raramente viene delusa! è il caso delle golden goose saldi borse Chanel per la primavera estate 2017 della golden goose saldi La nuova collezione borse estive disegnata da Karl golden goose saldi Lagerfeld trascina le fashion addicted in un mondo golden goose saldi fantascientifico, parallelo e futurista, in cui le sac goyard pas cher bag dalle forme squadrate a volte diventano dei verisac goyard pas cher e propri mini robot. La storia dell’eleganza Chanelsac goyard pas cher s si mescola al futurismo quasi punksac goyard pas cher VERSACE BORSE 2017 NUOVA COLLEZIONEsac goyard pas cher Allure sporty per questa collezione, in gradoscarpe hogan outlet online però di non perdere mai di femminilità, scarpe hogan outlet online con borse funzionali che superano il scarpe hogan outlet online concetto di outfit da sera e da giornoscarpe hogan outlet online Le borse Versace primavera estate 2017 scarpe hogan outlet online sono a mano sono piccole, squadrate, scarpe hogan outlet online geometriche oppure maxi buste rettangolari. Non mancano i richiami glam fetish tanto cari alla stilista italiana, come le borchie e le catene, e i colori spazianopjs pas cher dal classico nero al rosso, dal giallo limone pjs pas cher Una collezione definita “lusso privato” dal pjs pas cher direttore creativo di Bottega Veneta, Tomas Maier.parajumpers pas cher I grandi marchi della moda stanno puntando sul lusso parajumpers pas cher funzionale e accessibile, dunque su borse e capi che parajumpers pas cher