Key Performance Indicator to assess sustainable performance
Name and Briefly Describe 10 KPIs to assess sustainable
performance
choose any organization or no need to mention the name,
– Each KPIs definition
– Each KPIs to assess sustainable performance
– select from slides 10 KPIs in one company
Solution
ECONOMIC VITALITY OF SUSTAINABILITY
Key Performance Indicator (KPI) is a measurable value that demonstrates how effective a
company is achieving the key business objective. Therefore, the following indicators are used to
establish the performance of Bluesky technology consultants.
1. Expenses incurred
The FPI indicator mainly focuses on the deductions that the company has experienced
through an analysis of the expenses that allows the company to balance the inventory and have
an account of the extra credit to avoid loses. The indicator boosts performance since the
company is accountable for all its financial uses.
2. Market information such as market growth, market share, and the regulatory
environment
The market information allows the company to analyze and predict their next course of
action based on the market value such as when the market sales are high due to reduced supply
the company steps up to get maximum profits from the season.
3. Corporate governance information such as the board of director’s composition and
structure
Stable governance ensures that the company’s performance is at its peak since measures
and performance strategies are executed to ensure high employee performance and good
customer relation without internal crisis.
4. Information about management such as the track record, compensation plans, and
incentive plans
ECONOMIC VITALITY OF SUSTAINABILITY
The information about management limits the chances of poor record keeping and
balancing sheets that account for the company transparency in the financial and procurement.
Hence, factors like compensation plans and track record mainly establish a good performance
through creating customer satisfaction.
5. Accounting policy
Accounting policy involves all the factors to do with finances and the distribution of
money to departments to facilitate organizations projects hence when the account policy is stable
a high performance is experienced.
6. Budget and performance evaluation
The review of a budget and performance in a company ensures that the company keeps
track of records and the development plans are executed hence boosting performance.
7. Market information
Market information majorly analyses the market trends and customer feedback on the
company’s products and services. Therefore, when the current market information is up to date it
allows the production and marketing team in the organization thuscorrecting the negative and
improving the products and services to allow boost of performance towards customer
satisfaction.
8. Stock prices
Stock prices are factors that determine the sales of the company hence when stocks
prices are high the company is performing well and when the prices are low the company
performance is questionable.
ECONOMIC VITALITY OF SUSTAINABILITY
9. Strategic information such as goals and objectives
Objectives and goals of a company are the main determinants of the company’s success
plans therefore when the strategic information is always kept in a constant reminder to
employees and the management; the company performance will be excellent.
10. Value creating information regarding customer, employees, suppliers, innovative
brands and supply chain
The power of good company management is rated by the ability to relate with customers
and analyze their feedbacks to improve the company's products and services hence when the
value is regarded in such information and right action taken the company's performance is great.
ECONOMIC VITALITY OF SUSTAINABILITY
Reference
Author (s). Economic Vitality of Sustainability.(PDF document)
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