Effectiveness measurements are growing everyday. Not a day passes without having a new KPI emerge within companies, where each one of them is considered complementary or even more relevant than the other ones. So what kind of KPIs are relevant to measure the effectiveness of actions taken? Because KPIs are diverse, they must be considered as a whole, as the global vision of the company - its relationship and business story. In real time, KPIs should meet and if possible exceed expectations for simplicity. But choosing the right KPIs is essential as well as the correlation of those linked by the same goal. These KPIs together are critical for decision-making, we call them “super KPIs” as they carry the power to change companies. Those super KPIs are able to evaluate the relevancy of actions taken for new organizational modes in companies. They are, by definition, scalable and must be mastered in their analysis and representation.
Beyond the careful choice of KPIs and their assembling, their representation into dashboards is a stake by itself. In order to stay loyal to their power and diversity, dashboards have to be dynamic tools, able to adapt to all changes, evolutions or twists, it’s a must today. The simplicity and agility of the dashboards are key for efficient decision-making, they help organizations to rapidly grow in a constantly changing environment, by making it readable and understandable for everyone.
Good KPIs are those making you ask yourself the right questions, they are often easy to understand for the organization at all levels and allow you to realize what is necessary to positively impact results. For example, the NPS (Net Promoter Score) is often used to measure customer’s experience. Even if it’s a simple management KPI, it can help associates, who are directly in contact with customers, in changing their behaviors to improve the customer’s experience.
Another example would be to consolidate some KPIs to obtain an aggregate used as a baseline, a super KPI, like the time consumers spend online with the brand by adding the time spent on digital assets such as websites, videos, social media, or the advocacy (by collecting all positive content posted on social media platforms).
A good KPI is the one that is aligned with individual and collective performances and goals. By reaching goals, individuals and teams will feel valued and will be rewarded.
Captain Dash’s approach is based on this simplicity and agility. Our mission is to make the change of organizations a lever for performance. Contact us to know how we can help you!
Written by: Bruno Walther, CEO & Co-founder of Captain Dash