Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
'Productivity' constitutes the central issue around which revolves every step and move an organization takes. All objectives and purposes aim at adding to the organizational productivity. Productivity is about utilizing whatever inputs are available 'at the fullest'.
This field asks for a significant command over statistical aspect as calculations form a major part of 'productivity judgment'.
One is required to frame 'manageable' number of metrics to help the organization analyze its productivity levels from different angles. By preventing the values of these indicators from moving out of the suggested range, one can ensure that intended path is traced. Stating it in other words, optimum utilization of resources, both physical and human is possible by adopting KPIs (Key performance Indicators) to measure and track movements.
These metrics are organized on a Balanced Scorecard and kept for future references. This strategy renders the organizational processes 'much needed' transparency. Employees, in turn feel more attached and involved with the organization. Such sense of belongingness causes them to go 'out of place', if need be.
On the whole, by continuous monitoring of the degree of productivity an organization manages, one can maximize the returns.
This is the actual scorecard with Productivity Measures and performance indicators. The performance indicators include: financial impact of productivity, productivity in internal process, morale improvement, goals efficiency, problems solving efficiency, projects success rate, productivity and customers, better education and growth, implementation speed, new opportunities ratio, courses efficiency.
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"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."