Mastering Key Performance Indicators in Business

Key performance indicators are used to monitor and control the profitability and cashflow of the business.

The three key areas that businesses need to monitor are sales, costs, and working capital.

A driver is something which has a major impact on the performance of the business.

<p>Indicators can be used as part of a strategy to boost profitability and cashflow.</p> Signup and view all the answers

<p>This briefing outlines how to choose key performance indicators and the three vital areas to monitor: sales, costs, and working capital.</p> Signup and view all the answers

<p>The purpose of using key performance indicators is to monitor and control the profitability and cashflow of the business.</p> Signup and view all the answers

<p>It is important for businesses to monitor profitability and cashflow in order to identify any trends towards cashflow problems or falling profitability.</p> Signup and view all the answers

<p>A driver is something which has a major impact on the performance of the business.</p> Signup and view all the answers

<p>The three vital areas that businesses need to monitor are sales, costs, and working capital.</p> Signup and view all the answers

<p>Indicators can be used as part of a strategy to boost profitability and cashflow by understanding and monitoring the key 'drivers' of the business.</p> Signup and view all the answers