Having stood on the bathroom scales at the end of the month, I was pleased with the January weight loss I had achieved. Whilst a reduction in weight was the key target, this was not achieved by simply weighing myself each day but by measuring my calorie intake and calories burned every day.
The successful measurement of inputs to achieve a desired output cannot just be applied to a weight loss plan but in the world of business, with more and more businesses recognising the importance of measuring these lead indicators.
The pursuit of success often involves the meticulous tracking of Key Performance Indicators (KPIs). Traditionally, organisations have relied heavily on output-oriented metrics to gauge their performance be it revenue or profit. However, a paradigm shift is underway, emphasising the significance of measuring lead indicators as a more holistic approach to achieving long-term success. But what are the reasons behind this shift and what are the advantages of focusing on input KPIs?