#57 Key Performance Indicators (KPIs)

KPI stands for "Key Performance Indicator." It is a measurable value that indicates how effectively a company or an individual is achieving key business objectives or goals. KPIs are used to monitor and evaluate performance over time, and they help organizations assess progress and make informed decisions.
KPIs can vary widely depending on the specific goals and objectives of an organization or project. They can be quantitative or qualitative, and they should be specific, measurable, achievable, relevant, and time-bound (SMART). Examples of KPIs include metrics related to sales, revenue, customer satisfaction, employee productivity, website traffic, project completion time, and more. The choice of KPIs depends on the nature of the business and the specific areas that need to be monitored to ensure success.

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