If you really want your company to grow, indicator management is an essential part of your routine.
After all, as the saying goes: “ what can be measured, can be improved .”
And while many companies are dedicated to defining their own indicators as a way of mapping out a journey to achieve and exceed their goals, it is also necessary to complement this process.
Managing, monitoring and reviewing these indicators, the data and the actions that influence them is a complex task. It is like taking a magnifying glass and unraveling each productive stage of your company.
However, know that it is possible and, more importantly, essential for the success and sustainable growth of your organization.
In this content, we will explore the topic in depth, presenting a complete guide to indicator management.
Learn all the most important details about the topic, how mexico whatsapp data to implement it in your company, and even check out a special technology tip that can make your entire operation easier.
Shall we go? Keep reading with us!
What is indicator management?
Indicator management is the task of monitoring data directly related to operational activities that demonstrate the company's results. It is the constant action of managing and reviewing the indicators defined for your business.
Do you track and know exactly what your organization's performance indicators are?
In a company, indicators are a very effective and popular performance management tool.
Once defined and mapped, they help managers understand the results of the entire operation (both individual, sectoral and general).
Indicators also help your company's routine to be more productive and focused on what really matters to your business, for this reason, they must be fully aligned with your main business.
What is the purpose of indicator management?
Indicator management is a strategic activity that demonstrates whether your company is achieving predefined goals and objectives.
By properly monitoring indicators, it is possible to understand the progress of operations in real time. This allows you to make assertive revisions to your action plan, as well as optimize processes with greater precision.
This way, you can boost any type of delivery linked to indicators, such as your productivity or the quality of your products or services.
It is also worth mentioning that indicator management is essentially a data-driven activity.
After all, when you manage your team with KPIs, data always comes before decision making.
What this means is that you can adjust your work based on data, collected in real time, that clearly demonstrates your team's impact on the organization.
What is the importance of a well-done indicator management?
Indicator management allows you to evaluate your company's performance and how you can improve your performance.
Its importance lies in the fact that it provides this “magnifying glass” power, identifying exactly the areas, activities or professionals that must improve your performance.
Ultimately, you select a metric for your business because it provides objective feedback on the effectiveness of your strategy for a specific industry or function.
This means that, most of the time, the indicator is as valuable as the action that inspires it.
Too often, organizations blindly adopt industry-recognized KPIs and wonder why this metric ends up not reflecting their own business, and not impacting any positive change.