Strategic Key Performance Indicators ( KPIs)

  Having a performance measurement system should give you reliable information to allow you to set targets for implementing your growth strategies. You should update your business plan with your new strategy and make sure you introduce the developments you have noted. Your key performance indicators indicate potential problems or opportunities. For example, if the trends are moving in the wrong direction, you know you have problems to solve. Similarly, if the trends are moving consistently in your favor, you may have greater scope for growth than you had previously forecast. You can also use your key performance indicators for departments and employees throughout your business that will deliver your strategic goals. Your target should be specific, measurable, achievable, realistic and time-bound.

  The Key to accurately measuring the impact of your competitive intelligence process is setting the right competitive intelligence goals and analyzing the right key performance indicators. One of the benefits of healthy competitive intelligence in key performance indicators is that competitive intelligence stakeholders are able to make the right decisions at the right times- and to do so with confidence.