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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Managing a theatre is about arranging for wide variety of acts and demonstrations. The kind of acts organized says all about the success of the place. Therefore, one needs to be apt at bringing the inputs together and see to it that all activities are conducted in 'intended manner'.
Choice of plays has to be according to the audience that is expected at the place.
To conclude, one gets to know that it is both 'necessary' and 'beneficial' to use a management strategy for assigning values to aspects that matter. To come up with a truly beneficial set of metrics, it is needed that the user conduct a detailed study into the area of theatre. Further, after this is accomplished one can hand over this job of 'overlooking' the operations at a theatre to this tool called BSC (Balanced Scorecard). It is basically a collection of indicators that enable the user take forward its 'quantification ambitions'. In other words, one can use the values and numbers to know which direction the operations at theatre are moving.
It will ease out the task of management group at theatre involved in handling the operations.
Saying it all, it is possible to organize the tasks and jobs by assigning values to metrics that are dug post-analysis.
This is the actual scorecard with Theatre Management Dashboard and performance indicators. The performance indicators include: financial perspective, marketing budget, % increase in monetary grants, ticket sales revenue, % reduction in operating expenses, audience perspective, % positive responses from audience, modes of buying tickets, types of theatrical programs offered, hygiene and cleanliness score, performance perspective, occupancy level, number of awards won, % increase in general audience, % rise in membership subscriptions, staff and pr management perspective, number of positive reviews published in media, training sessions for stage door and front of house staff, educational campaigns carried out for theatre-work promotion, number of free or fund-raising performances done annually.
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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."