Blog Archives

KPIs and Scorecard Calculation – Complete Guide

Baseline and target of a KPI

Introduction to the scorecard and KPIs calculations: Terms and definitions: metric, indicator, KPIs, scorecard Qualitative and quantitative indicators How to normalize metrics? How to use metric’s weight for calculations? How to calculate the leading and lagging indicators, goals’ performance, and total scorecard index. What is The Right Term: KPI, Indicator

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The Difference Between Quantification, Measure, Metric, and KPI

From a quantification to a metric

“KPIs don’t work for our business!” Does this statement sound familiar to you? Even in a business world there is no good understanding of what a KPI, a metric and a measure is and what the difference is between them. Not all metrics are KPIs!¬† As a result, many executives:

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8 Metrics to Evaluate Entrepreneurial and Management Skills

8 Metrics to Evaluate Entrepreneurial and Management Skills

Over the last few weeks I have been running an interesting experiment in one of my classes. I gave each student $5 and told them to go turn it in to more. The project was evaluated on 8 variables/metrics. These eight basic metrics could just as easily be applied to

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Stop Measuring All the Wrong Things – Measurement Inversion

Stop Measuring All the Wrong Things - Focus on Metrics that Really Impact Your Business

A while ago, Doug Hubbard introduced me to the concept of measurement inversion. According to him the more something matters the less we tend to measure it and the less we know about it. Things that really matter are often highly imprecise and thus there is a great opportunity to

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