ChristianSteven BI Blog

Reasons Why You Should Use Dashboards for KPI Tracking

Key Performance Indicators, also called KPIs, are a means to measure your business performance and track progress towards your goals. KPI tracking can be a great tool in your business intelligence tool-set. You can measure progress through KPI reports or mount them on a dashboard for increased visibility. These metrics are a reflection of your company strategy and help propel it forward.

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How to Use Your Business KPIs to Improve Your Profits

Although there are endless uses for business key performance indicators, using KPIs for profit is a popular application. Everything in a business is designed to generate revenue, so it isn’t surprising. Using KPIs for profit, however, requires a multi-pronged approach. To get the most out of your business, you need key performance indicators for your employees, your customers, and your future.

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Top 7 Marketing KPIs You Should Be Tracking

Key Performance Indicators (KPIs) are measurable values that demonstrate how effectively a company is achieving its key business objectives. Businesses use KPIs to evaluate their success at reaching set targets.  Just like there are different departments in an organization, there are different KPIs to be tracked.  For example, the sales department may track total revenue, new customers, and average deals to gauge progress toward their revenue targets.  The human resources department may track employee turnover, employee engagement, and employee transfers. 

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How To Make Your Sales Team Successful With KPI Dashboards

If your company depends on revenue from sales of products, it stands to reason that KPIs matter. It is only logical to have quotas to fulfill in terms of sales, after all. Off the top of your head, try to list out the KPIs for sales that you would define for your reps. Most owners and managers would respond with the income each representative brings into your firm. This is obviously one of the metrics you have to measure, but it isn’t the only one. Oh no, in order to optimize your sales processes, you have to define KPIs for a number of other processes too. By sticking to just one KPI, you’re almost certainly dooming your company to failure. Here are some other KPI trackers your teams must measure in the sales department. 

Topics: KPI Trackers KPI Dashboards kpi dashboard kpi dashboard software KPI Creation

Top 3 Ways To Improve Performance Through Managing By Exception

Managing by exception is one of the most efficient ways to run a business. It is, in its most basic form, a method of management where you only deal with situations that aren’t defined as “normal”. Businesses all over the world use this method of management to be less proactive about how they are run. If you have a company in which it makes more sense, financially, to have reactive management, this is for you. You gain a host of advantages when managing by exception. These include the ability to improve employee performance and that of your business. Here are some of the major ways in which MBE helps improve performance throughout your company. 

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