Management

KPI: Key performance indicator

Definition of

KPI: Key performance indicator

KPI is a metric used to measure the success of an organization's performance.

Detailed Description of

KPI: Key performance indicator

A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives. KPIs are used to evaluate the success of product management initiatives, such as product launches, customer satisfaction, and market share. Product managers use KPIs to measure the performance of their products and services in order to identify areas for improvement. Common KPIs include customer satisfaction scores, market share, revenue growth, cost per unit sold, and time-to-market. By tracking these metrics over time, product managers can gain insight into how their products are performing and make adjustments accordingly.

Examples of

KPI: Key performance indicator

1. Revenue Growth: Measuring the increase in revenue over a given period of time. 2. Customer Retention Rate: Measuring the percentage of customers that remain loyal to a company over a given period of time. 3. Cost Per Acquisition: Measuring the cost associated with acquiring new customers or clients. 4. Employee Turnover Rate: Measuring the rate at which employees leave an organization over a given period of time. 5. Conversion Rate: Measuring the percentage of website visitors that take a desired action, such as making a purchase or signing up for an email list.

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