How can KPIs help in making better business decisions?
KPIs, or Key Performance Indicators, provide measurable values that help businesses assess their performance and make informed decisions.
Can you give me some examples of effective KPIs?
Sure! Examples include customer acquisition cost, net profit margin, and employee turnover rate.
How often should we review our KPIs?
It's recommended to review KPIs regularly, such as monthly or quarterly, to ensure they align with business goals.
What if our KPIs are not meeting expectations?
If KPIs are underperforming, it may indicate a need to reassess strategies, identify bottlenecks, or adjust goals.
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