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KEY PERFORMANCE INDICATORS (KPI) Definition & Legal Meaning

Definition & Citations:

Key business statistics as measures of a firm’s performance in critical areas. Typically, monitoring is essential for such business activities that would likely cause severe losses or outright failure if done incorrectly. Statistics like number of new orders, cash collection efficiency, and return on investment (ROI), are typical values measured. Measuring progress or lack of it are essential for achieving the firm’s objectives or strategic plans.

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