How to Use Strategic Planning and KPIs to Achieve Business Success

Strategic planning and KPIs are powerful tools for achieving sustainable business success. Strategic business planning is the process through which corporate executives devise a strategy to fulfill the company’s main purpose. First, the business owners state the main purpose or objective that the company is meant to achieve – mission and vision statements are written down to set the company’s overall direction and philosophy. This is followed by an analysis of the company’s strengths, weaknesses, opportunities, threats, competitors, collaborators and target consumers. Then long-term strategic goals or objectives are set for the entire company and its major divisions. Finally, short-term tactics are formulated to achieve these corporate objectives.

An effective planning process will enable business owners to take charge of their company’s future and focus on the most important factors that deliver outstanding performance. The performance of the business can be effectively monitored and improved through the use of appropriate KPIs. In this post, we will be discussing the process of creating strategic business plans and KPIs that will produce the desired business growth and success.

Strategic Business Plan

 

Continue reading “How to Use Strategic Planning and KPIs to Achieve Business Success”

Advertisements

How to Choose KPIs to Achieve Strategic Goals

Choosing the right key performance indicators (KPIs) can dramatically improve the performance of an organization. KPIs are an excellent tool to achieve strategic business goals. But only carefully selected KPIs actually provide the information required for monitoring and assessing performance. Whether you are a business owner or part of a management team, you need to know the steps required to select KPIs that aid continuous improvement. In this KPI article, we will be discussing the process of choosing KPIs that drive the achievement of strategic and operational objectives.

Continue reading “How to Choose KPIs to Achieve Strategic Goals”

What are Key Performance Indicators and Why Are They Important?

What are Key Performance Indicators and Why Are They Important?

Key performance indicators (KPIs) are benchmarks used to measure results in an organization. Effective use of KPIs can drive improvement and growth in any company or business. KPIs must be relevant and streamlined to suit your type of industry or business. This article provides a brief introduction to KPIs and discusses their characteristics; it also provides relevant examples and insight on how to choose KPIs for your organization. KPIs is also a very important knowledge in order to correctly implement BI. So to make sure BI Projects are successful, in the coming months, I will cover some KPI knowledge.

Continue reading “What are Key Performance Indicators and Why Are They Important?”

The KPI Institute – KPI Professional Course Review

The KPI Institute

Recently, I got my certification with The KPI Institute. My general feedback is that the course and certification is well worth the investment. Even if you have to take this money out of your pocket, I would still suggest it to anyone that is already or going to be in the BI or Strategy field.

Continue reading “The KPI Institute – KPI Professional Course Review”

OBIEE FusionCharts Part4 – FusionCharts Configuration

OBIEE FusionCharts Part4 – FusionCharts Configuration

A quick link to previous parts:

Part 1 – Installation

Part 2 – Data Integration

Part 3 – Advanced Integration

I have been extremely busy lately with a couple of POCs as well as working on Dodeca and Essbase, hence the delay of Part 4. I should of guess that you probably worked your way finishing it off by going to the FusionCharts documentation page here and the knowledge base here. I would still go through basics of configuring charts to get you guys started. If you need further skills on this, please refer back to FusionChart documentation since they are extremely easy to follow!!! At least much easier than any Oracle documentation.

Continue reading “OBIEE FusionCharts Part4 – FusionCharts Configuration”

OBIEE FusionCharts Part3 – Advanced Integration

OBIEE FusionCharts Part3 – Advanced Integration

A quick link to previous parts:

Part 1 – Installation

Part 2 – Data Integration

At this point, everyone should have completed Parts 1 and 2. I can see that there are quite a lot of feedback and views, so I’ve decided to go a bit more with advanced integration.

This part will cover 2 areas which is integrating presentation variables for your header as well as multi-series charting.

Continue reading “OBIEE FusionCharts Part3 – Advanced Integration”