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performance indicator
/pərˈfɔːrməns ˈɪndɪkeɪtər/
a measurable metric used to evaluate success
The company uses revenue growth as a key performance indicator.
Revenue growth is a measurable metric the company tracks to assess success.
Business
formal
a quantifiable measure used to evaluate the effectiveness or success of an activity, process, or organization
Employee productivity is a common performance indicator in many industries.
Productivity is a measurable metric used to assess how efficiently employees work.
Customer satisfaction scores are important performance indicators for service-based businesses.
These scores help businesses track how well they meet customer expectations.
Performance indicators are often used in business, management, and finance to track progress toward goals.
Collocations
key performance indicatora critical metric for evaluating successfinancial performance indicatora metric related to financial health
Related Phrases
Pro Tip
Business Context
Performance indicators are widely used in business to track progress and make data-driven decisions.
Gold Rule
Relevance
A good performance indicator should be directly related to the goals of the organization or process.
Word Origin
The term combines 'performance' (the act of carrying out a task) and 'indicator' (a sign or measure).
Usage Notes
Performance indicators are often abbreviated as KPIs (Key Performance Indicators) in business contexts.
Word Breakdown
performance
the act of carrying out a task or activity
rootindicator
a sign or measure that provides information
rootEnglish Dictionary