Key Performance Indicators (KPI)
Blane, Canada Ltd. established information standards in business retention where none existed before. These standards, based on 12 years of data and extensive research, has driven the creation of Key Performance Indicators. The result, new insight for hundreds of economic development organizations as strengths and weaknesses are clarified.
Key Performance Indicators (KPI) provide a context. Compared to what? KPI create a substantive comparison that has been missing in BR|E. The result is a solid foundation for economic development policy, program, and resource decisions. Without a context, it is just an educated guess!
Synchronist Business Retention Benchmarks:
- National
- Regional
- Rural
- Urban
Without a context, business
retention survey facts are interesting, but
meaningless for decision-makers.
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Any number is a good number,
until there is a point of comparison!
Synchronist's KPI provide
context.
Synchronist users know if
they are ahead of the pack, on-track, or falling
behind.
"The comparative
information is huge. We want to know how
we compare to others." MO
“I am working with the city to get a regulatory issue addressed (a little bit of denial here). Our city leaders dismiss the negative comments on regulatory enforcement “because people don’t like regulations.” Can you forward me the regulatory KPI? This will show our city officials we do have a problem when compared to peers. Thanks."
KS |
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