key-performance-indicators

Vocabulary Word

Definition

'Key-performance-indicators' or more commonly 'KPI's' are evaluation tools used by companies. They measure progress toward goals, likes marks in your classes that tell you how you're doing.

Examples in Different Contexts

In social impact projects, KPIs measure positive change. A consultant could state, 'Our KPIs for the year include the number of wells constructed and people trained in hygiene practices.'

Practice Scenarios

Business

Scenario:

Our sales have been stagnating for a couple of quarters now. We need to take a close look at what's going on.

Response:

I agree. We can start by analyzing our key-performance-indicators to understand the specific areas where improvement is needed.

Academics

Scenario:

The yearly standardized test results have dropped significantly. We need to reassess our academic strategy.

Response:

Indeed, we need to reflect on our key-performance-indicators such as student grades and attendance rates to pinpoint areas of concern.