What are the best practices for developing KPIs?
When developing KPIs, it's essential to ensure they are Specific, Measurable, Achievable, Relevant, and Time-bound (SMART).
Can you give me an example of a SMART KPI?
Sure! An example of a SMART KPI could be: 'Increase website traffic by 20% over the next quarter.'
How often should KPIs be reviewed?
KPIs should be reviewed regularly, typically on a monthly or quarterly basis, to ensure they remain relevant and aligned with business goals.
What should I do if a KPI is not being met?
If a KPI is not being met, analyze the underlying causes, adjust strategies, and consider revising the KPI if necessary.
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