growth-metrics

Vocabulary Word

Definition

'Growth metrics' are special numbers used to measure the increase in a company's products, sales, or other areas. They help tell if the company is getting bigger or better.

Examples in Different Contexts

In startups, 'growth-metrics' play a vital role in attracting investors. An entrepreneur might assert, 'Our month-on-month growth metrics demonstrate our venture's potential to scale.'

Practice Scenarios

Tech

Scenario:

Our new feature seems to be resonating with users, given the increased engagement. But, we still need to tackle the churn rate.

Response:

Absolutely! Lowering our churn rate is imperative. Thus, user satisfaction should be a crucial growth metric for our team.

Business

Scenario:

This quarter I can see we have exceeded our revenue expectation. But, we must also focus on improving customer retention.

Response:

Great point! We should also consider customer lifetime value as a growth metric to tackle customer retention.