Tracking performance typically involves several key steps:
Set Objectives: Define clear, measurable, and achievable objectives that align with the company’s strategic goals. Identify KPIs: Choose relevant KPIs that will help measure progress toward these objectives. Data Collection: Implement systems for regular data collection to gather information on these KPIs. Analyze Data: Use data analytics tools to interpret the collected data and understand trends. Reporting: Create comprehensive performance reports to communicate findings to stakeholders. Take Action: Based on the analysis, make informed decisions and take corrective actions as necessary.