Key figures are measurable data points that provide insights into an organization’s performance. They are used to evaluate whether an organization is on track to achieve its strategic and operational goals. Key figures can be financial, operational, or strategic, depending on the organization’s focus.
Key figures offer data-driven insights that allow managers and entrepreneurs to make informed decisions. For example, declining revenue might indicate a need for marketing interventions. By regularly monitoring key figures, organizations can make adjustments when objectives are not being met, preventing larger long-term issues.
Key figures also help evaluate the effectiveness of a strategy. If a specific key figure falls short, it might signal the need to revise the strategy. Additionally, organizations can compare their performance to competitors or industry benchmarks, providing insights into their competitive position and growth potential.
Clear key figures provide employees with focus and a sense of direction. Teams know exactly which objectives they need to achieve and how their efforts contribute to the bigger picture. To use key figures effectively, it is important that they are SMART (Specific, Measurable, Achievable, Realistic, and Time-bound). They should also align with the organization’s strategic goals and be regularly reviewed to ensure they remain relevant.
Key figures are therefore central to performance management within organizations. They enable clarity, control, and continuous improvement, significantly increasing the likelihood of success.
Examples of key figures include:
* Revenue growth
* Net profit margin
* Liquidity ratio
* Productivity per employee
* Process lead time
* Customer satisfaction score (NPS)
* Market penetration
* Innovation rate (e.g., the share of new products in revenue)
* Employee engagement
The ICR Growth & Success SaaS Platform helps people and organizations find balance and peace, through controlled and manageable growth, with the aim of a healthy and sustainably successful organization. We do this through the all-encompassing ICR Cycle.
Being inControl in this process from ambition to result is crucial. Within the ICR Cycle, inControl actually means controlled and manageable growth. The dashboard gives you insight into the current status. In the video below you can see how the dashboard transforms from the moment you start using ICR.
With our 4 ICR subscription options, you can decide for yourself when to fully engage with the entire ICR Cycle. Choose our successful approach and start your process 'from ambition to result' with the more than affordable ICR Ambition Refresher subscription.
The ICR Growth & Success SaaS Platform addresses a wide range of business needs, making it a versatile tool for organizations striving for sustainable success. Below is an overview of its general applications, along with the added value it provides for businesses and organizations.
Learn more about the general applications of the ICR Growth & Success SaaS platform.
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