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An effective metric is a clear and concise metric that defines and measures what?

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Final answer:

An effective metric in business is a clear and concise metric that defines and measures specific aspects of performance or achievement. It should be specific and measurable.

Step-by-step explanation:

An effective metric is a clear and concise metric that defines and measures a specific aspect of performance or achievement. In business, metrics are used to evaluate the success of various processes and initiatives. For example, a business might use a metric such as sales revenue to measure the financial performance of a product or service.

To create an effective metric, it should be:

  1. Specific: Clearly define what is being measured, such as a specific outcome or behavior.
  2. Measurable: Quantify the metric so that progress or achievement can be observed and tracked.

By defining and measuring specific aspects of performance, effective metrics provide valuable information for decision-making and improvement in business.

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