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What are the differences between KPIs for small and large businesses?

Posted by Sarah Dunkley on Jan 21, 2020 3:11:18 PM

Key Performance Indicators (KPIs) are useful tools to keep your business moving and growing within a strict timeframe. Setting decent goals is crucial to success. However, these numerical or qualitative goals should be scaled appropriately to the size of your business. It's no good setting an enormous percentage turnover target if you're a one-person trader. Likewise, large businesses should avoid setting their sights too low by underestimating what they could attain. Here are the main differences between large and small-scale KPIs.

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Topics: Performance management, KPI's

How should I choose a KPI that benefits performance management?

Posted by Sarah Dunkley on Jan 17, 2020 2:41:00 PM

Key Performance Indicators (KPIs) are great tools to set quantifiable objectives for your business. However, you must pick the right KPIs that fit in with what your business does, how it does it, and how it might be able to do it better. How you'll do this depends on what you're aiming to get out of your business in the near future. Below are our tips on how to set effective KPIs for your business.

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Topics: Performance management, KPI's

How do KPIs allow you to improve your business management?

Posted by Sarah Dunkley on Jan 10, 2020 1:18:00 PM

Management can be difficult. The main problem is that you are essentially in the dark as to how successful your efforts are at any one time. Key Performance Indicators (KPIs) can cut through the fog. Through providing accurate and measurable numbers that illustrate the current performance of your business and targets for further growth, a good selection of KPIs can oil the cogs of any business, large or small. KPIs allow you to direct workflows, check up on sales, and keep an eye on staff performance. Here's how you can use KPIs to improve your business management.

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Topics: Performance management, KPI's

What kinds of performance indicators are there besides KPIs?

Posted by Nicky Hawkins on Jan 8, 2020 3:00:00 PM

Key Performance Indicators (KPIs) are a cornerstone of modern management. KPIs are typically set as ideal numerical or currency targets, which have to be matched or surpassed within a certain timeframe to be considered successfully met. They are frequently used in businesses and charitable organisations to monitor cash flow, sales, productivity, developmental progress, advertising, and PR engagement.

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Topics: Performance management

How to prepare for an IDA

Posted by Nicky Hawkins on Dec 13, 2019 10:01:00 AM

It has been nearly four years since In Depth Assessments were first introduced and now the Regulator for Social Housing has announced that they plan on carrying out IDAs every other year for the largest and/or most complex housing providers. So how can you make sure that you are prepped and ready for your next meeting with the regulator?

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Topics: Performance management, Risk Management, IDA

The key to key performance indicators and how best to measure them

Posted by Nicky Hawkins on Nov 22, 2019 10:20:14 AM

Every company has a mission statement, a business strategy, and strategic objectives. The company will follow processes and take actions in order to attain those objectives and will also strive to create a culture of high performance and business growth along the way.

 

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Topics: Performance management, Strategy performance software

How does software make KPIs easier to monitor?

Posted by Nicky Hawkins on Nov 15, 2019 12:15:26 PM

Key Performance Indicators (KPIs) can be tricky to understand, particularly if you're sifting through vast amounts of data. It can also be difficult to interpret what all of the different variables and outputs mean in context. Collecting the required data in the first place is also a challenge. If you're logging a lot of separate metrics, it can be difficult to present them in an informative way.

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Topics: Performance management

The building blocks, and the effects, of a high performance culture for your business

Posted by Nicky Hawkins on Nov 13, 2019 2:30:00 PM

Few other business terms are so often used, yet so poorly understood and applied, as 'culture'. Your company culture has a profound effect on the performance of your employees, the engagement with your customers, and, ultimately, on your bottom line.

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Topics: Performance management, People Management

Harness the power of the balanced scorecard and optimise your business performance

Posted by Nicky Hawkins on Jul 24, 2019 3:10:26 PM

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Kaplan & Norton's Balanced Scorecard model was developed in the early 1990's at Harvard University as an attempt to help organsisations measure business performance using both financial and non-financial data. When used correctly and consistently, it offers invaluable assistance in identifying improvement potentials, setting concrete goals, and tracking your progress towards achieving and surpassing them. The balanced scorecard is, thus, a powerful tool for translating your overarching goals and mission into traceable actions.

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Topics: Performance management

How does software make KPIs easier to manage?

Posted by Nicky Hawkins on Jul 11, 2019 10:00:00 AM

With thousands of Key Performance Indicators (KPIs) to choose from, it can sometimes be difficult to keep track of everything. Gathering data, interpreting data, and turning the data into meaningful strategic advantages can be both time-consuming and risky. Thankfully, KPI management software has its own strategic advantages. Let’s take a look.

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Topics: Performance management

The Clearview Blog

Find the best tips, tricks and news about business management and support software. Enjoy the educational articles by our experienced and knowledgable team.
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