Defining success metrics
Key Performance Indicators (KPIs) and OKRs are strategic measurement tools that help organizations track progress and achieve their goals. KPIs serve as the compass guiding organizations, teams, and individuals toward their goals. Derived from strategic objectives, KPIs are quantifiable metrics to measure progress, evaluate performance, and steer businesses in the right direction.
KPIs provide a robust framework for assessing performance and propelling businesses toward success. These metrics go beyond surface-level measurements, cutting through vanity metrics to reveal meaningful insights. By aligning KPIs with specific business objectives, you can gain invaluable data to drive action, make data-driven decisions, and uncover areas for improvement.
Creating an effective KPI framework for a product-driven organization requires careful planning and consideration. Here are the key steps to follow:
- Align to your OKRs: Start by clearly articulating...
