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Lagging And Leading Key Performance Indicators
Lagging and leading key performance indicators allow businesses to understand or anticipate how performance—particularly financial performance—may change. This change may happen in response to some sort of trend or as part of doing business. Leading key performance indicators will refer to how performance may change in the future, while lagging indicators explain current performance.
What Small and Midsize Businesses Need to Know About Lagging And Leading Key Performance Indicators
Every SMB should identify its lagging and leading key performance indicators. This is critical to identifying changes in the marketplace. SMBs can also use these indicators to set up a system to monitor and track progress toward a goal, such as high profitability.
Related terms
- AMR (Adaptive Multirate)
- Big Data
- Programmatic Advertising
- Attrition
- Business Activity Monitoring (BAM)
- Ad Tech
- Software as a Service (SaaS)
- Enterprise Performance Management (EPM)
- Case Management Solutions
- Combined Heat and Power (CHP)
- Electronic Waste (e-Waste)
- 3D Photovoltaic Devices
- DPMO (Defects Per Million Opportunities)
- Green Money
- Digital Audio Broadcasting (DAB)
- DAB+ (Digital Audio Broadcasting Plus)
- Blu-ray
- Corporate Performance Management (CPM)
- CPC (Cost Per Click)
- Footfall Analysis
