BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Key Performance Indicators (KPIs)
|
|
|
Business Analytics
|
|
|
Data Visualization Tools
|
|
|
Hardware
|
Detailed explanation-1: -A Key Performance Indicator (KPI) is a quantifiable measure that helps organizations track their progress toward achieving their key business objectives. By regularly monitoring KPIs, companies can determine if they’re on track to reach their targets and make any necessary adjustments to their strategies.
Detailed explanation-2: -Key performance indicators (KPIs)-also called “strategic measures”-are both actions and tools of measurement used to monitor the progress toward achieving these objectives. In its simplest form, a KPI is a measurement device that helps you understand how your organization is doing in regard to its goals.
Detailed explanation-3: -Key performance indicators (KPIs) are targets that help you measure progress against your most strategic objectives. While organizations can have many types of metrics, KPIs are targets that are “key” to the success of your business.
Detailed explanation-4: -A Key Performance Indicator (KPI) is a quantifiable measurement that shows how well an organization, team, or individual is performing against a predetermined goal or objective.
Detailed explanation-5: -Types of KPIs Quantitative indicators that can be presented with a number. Qualitative indicators that can’t be presented as a number. Leading indicators that can predict the outcome of a process.