Performance Indicators
The term "Performance Indicator" (or "Key Performance Indicator") may be defined as a standard or target that should be achieved. Performance Indicators are established and used as an integral aspect of the business planning and monitoring processes. There is an old saying that " you can only manage what you can measure" and this regard the use of Performance Indicators enable management to measure the success of business strategies.
Key Performance Indicators therefore are a standard or reference point that allows management to:
Measure the actual result of strategies
Make comparisons between desired results and actual results.
Examples of Performance Iindicators
The following are examples of how Performance Indicators may be developed and used in a sporting context: