The Main

The introduction of KPIs in the company has several stages. The order of the stages is very important and their changes can have negative results for the work of the system. Stage 1. The formation of the strategy. The clearly written strategy describes the main steps, which are necessary for the achievement of the objectives and the desired results. Stage 2. The determination of KPIs. At the given stage is the selection of events according to the implementation of the strategy.

A tool for determining the main factors of success the KPIs, and these are the qualitative indicators which are referred to with the paragraphs. The number of KPIs should be limited (for the reality of their execution and the quality of monitoring). Stage 3. The development and the assessment of the balanced scorecard. At the given stage the generalized system of financial and non-financial indicators will be developed, which is presented to the leadership. So determines the importance of this level because their even the administrative decision will affect the combination of indicators.

Stage 4. The selection of the technical solution for the introduction of KPIs. In this stage is the determination of the source of data for the informative filling of codes, which satisfies the conditions of objectivity, the timeliness and reliability. Finally, it is important to note that a fundamental moment in the application of KPI in the management of a company is the clear understanding of the determination of the present methodology and its limitations. But it is important to have not only the KPIs, but constantly to use in practice, and to carry out the monitoring of the performance of the strategic tasks. If the information on key performance indicators for you is important and you want it to learn more, we offer you to visit our Web site.