A business key figure is used to assess or evaluate a company. Key figures are also used to compare the performance between several companies. The measure is derived from company data and measures a repetitive state or process that is of entrepreneurial importance. Ideally a clear statement related to a problem statement, be representative and be determined without too much economic effort.
The support of the management in the goal-oriented control of the enterprise is the main task of characteristic numbers. The following central functions can be assigned to the key figures:
- Business decisions are usually made on the basis of key figures that represent the risks and opportunities of the current situation.
- Key figures are also used to control the plans in the management. In practice, target values of a key figure are often specified as a measure to achieve the target. Emergence deviations are carried out for cause analysis, which results in a course correction or a catalog of measures to achieve the set goals.
- Key figures help in the enforcement of decisions, in the coordination of different business areas and their harmonization and in the documentation of facts.
The KPI-Simulator will be available soon.