One Minute With Mike – How Many KPIs?
How many KPIs?
People often ask us how many KPIs a business should monitor. Recently I met a business advisor and he was very proud of the fact that he had taken one of his clients from 30 KPIs down to just 5 and my first thought was ‘what have they just taken their eyes off?’
The thing with KPIs is that each one generally involves some degree of overhead, so somebody has to continuously calculate the KPI and report it. Bizeo eliminates that step so you can have hundreds of KPIs with no additional effort. So why wouldn’t you monitor every aspect of your business?
You might be the CEO of a large organisation and yet you’re still responsible for things like the website going down or if there is an OH&S breach or if the debtors get out of hand. Those are all your responsibility as well.
If there is no overhead associated with monitoring these things why not let Bizeo do it for you?