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What is the difference between indicator and measure?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › What is the difference between indicator and measure?

  • This topic has 3 replies, 3 voices, and was last updated 11 years ago by sunnyfish2001.
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  • November 25, 2013 at 7:31 pm #147793
    sunnyfish2001
    Member
    • Topics: 15
    • Replies: 24
    • ☆

    What is the difference between indicator and measure?
    Can I say ” Measures should be focused on strategic objectives of maximising shareholder wealth”?
    or say “key performance indicator should be …”?

    November 25, 2013 at 10:07 pm #147812
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    A measure and a KPI are really the same thing. Perhaps KPI implies a very important measure.

    The reals difference is between objectives and measures/KPIs. An objective could be customer satisfaction, but this then has to be measured otherwise there will be no way of knowing whether the objective has been reached

    November 26, 2013 at 11:55 am #147901
    springtime
    Member
    • Topics: 28
    • Replies: 26
    • ☆☆

    And not all measures are KPI.
    There may be lot`s of measures and but only few of them will be key measures, i.e. KPI.

    December 2, 2013 at 7:00 pm #149297
    sunnyfish2001
    Member
    • Topics: 15
    • Replies: 24
    • ☆

    Thanks!

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