Consider what would happen if your car’s windshield is completely covered in mud and you have to drive the route ONLY by using your rear-view mirror.
Is your business like that?
When thinking about the most important numbers to measure in your business, most of our clients have no trouble coming up with a list of results they want to achieve.
They usually include Revenue, Profit, EBDITA, # of customers, employees, locations, etc.
These Result Indicator KPIs are important – you need to set targets you want to achieve in your business.
But, don’t stop there.
For your key performance indicators to truly help you solve business problems and reach your goals, you also need to spend time developing Leading Indicator KPIs.
What are Leading Indicator KPIs?
Leading Indicators can help predict what will happen in the future.
They let you know if you are on track to achieve the results you want.
Leading Indicators are measurable, and you have the ability to influence or move them.
Set and track Leading Indicator KPIs and make adjustments based on those indicators every week. You will then have an advantage over your competition.
CEOs should have KPIs on their dashboard to gauge the health and vitality of their companies as well as measure progress made toward goals.
CEOs need easy access to a few key performance indicators to track how healthy the business is at a given point in time.
It’s imperative to identify a handful of metrics that the CEO needs to see daily or weekly.
These metrics should tell a quick story and give insight into both external and internal trends.
This blog provides KPI Examples for your leadership team.
Which KPIs belong on the CEO’s KPI dashboard?
Business leaders need to keep up-to-date so they can make adjustments to their priorities. Here are some examples of KPIs a CEO should be watching:
Human Resources Leader
Manufacturing Team Leader
Purchasing/Supply Chain Leader
Quality Assurance Leader
Talent Development/Training Leader
Customer Service (Advocacy) Leader
I would like to acknowledge 2 key sources for this blog:
Interested in hearing more? Or would you like to do a Free Discovery Meeting to discuss/examine KPI Examples for your leadership team? If so, please email us at firstname.lastname@example.org or call +61 (0) 408 748 980.
I hope you have enjoyed these insights. Have a great week and stay growth-focused!