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Performance Measurements: The Pulse of Your Business

In business, keeping an eye on performance measurements is vital for keeping up with its vital signs and making informed decisions to keep the business flourishing. But which key performance measurements should we be familiar with? Let’s go over them now! Photo by charlesdeluvio on Unsplash ROI: The Bottom Line Savior Investment without consideration of Return on Investment (ROI) can be like sailing without a compass. ROI is a financial metric used to measure the probability of earning returns from investments relative to costs. Its positive value indicates calm seas ahead; conversely if its negative values indicate stormy waters ahead. Therefore, keeping tabs on ROI helps ensure your investments are paying off while simultaneously steering your business in the right direction. GIPS: The Global Standard Bearer When it comes to measuring performance in the investment industry, GIPS is the go-to framework. Consisting of industry-wide ethical principles which provide firms with…