Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Ideally, you need to have a strategy (in a form of a strategy map) before you start thinking about the ways to measure its execution (KPIs). Don't have a strategy map yet? Use free Strategy Map Wizard to create a strategy map for your current business challenges. The wizard will:
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Gas stations enable vehicle owners re-fill their automobiles with fuels. Operating gas filler can be a challenging task in case no 'performance tracking instrument' is available at hand.
One can depend on balanced Scorecard to effectively keep a check on the way things go on at a filling station. One needs to get the resources ready and well in time so as not to lose customers.
Another reason for such a quantitative assistance is that a number of additional services are also offered at these service stations. Taking care that everything goes well in every possible direction demands a performance monitoring strategy, which can be BSC in this case.
Operations of fuelling stations ask for being ready to provide services on real-time basis. Therefore, one cannot afford to be 'laid back' in approach and what is required is an apt tool to calculate the progress and growth moves. By relying on numbers and values, one can effectively perform this job of assessing the workings at petrol pump. The strength of this route is its 'measurable approach' for tackling issues. This makes it stand apart in the crowd of similar strategies available.
This is the actual scorecard with Gas Station Measures and performance indicators. The performance indicators include: financial perspective, average daily business volume, annual earnings, positive deviation from the countrys average price, % rise in the net profit, efficiency perspective, refusal index, fraction of fuel that is premium, % decrease in the number of customers lost due to excessive waiting time, % increase in the number of vehicles refilled, on an average, internal perspective, number of vehicles it caters to, time taken for refilling, on average, number of pumps, average waiting time, number of employees, growth perspective, increase in number of cars, % increase in fuel consumption in a month in metric ton, number of brands of fuel offered, number of additional services offered.
How is this book different from 796 other book titles about KPIs on Amazon?
"Before writing a single line, I formulated some guiding principles, one of them was: "If our clients ask, "How can I find a good KPI for..." - I want this book to provide a perfect answer."