What is KPI?

A key performance indicator (KPI) refers to a measurable value used to assess how successful an individual or organization is at accomplishing a target. While high-level KPIs may emphasize the overall business performance, low-level KPIs may focus on processes across departments. As you develop a strategy to formulate OKRs, first understand your organizational objectives, how to plan to accomplish those, and who should act on the information.

Business Benefits of KPI

1. Helps to develop goals and assess their implementation.
2. Promotes efficient communication.
3. Minimizes bias, improving the quality of decision-making.
4. Helps to comprehend complex statuses with agility.
5. Engages employees with organizational goals.