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Is it true that key performance indicator is a type of performance measurement to evaluate the success of the company? So, in Balanced Scorecard questions, we have to evaluate the company’s performance by calculating key performance indicators only given in the question or we can also use KPI’s out of the question? Please COmment on this!
Secondly, is there any prescribed way by making columns for Goals & Key Performance indicators in another column by the F5 examiner? Or can I do it my way like in paragraph form? In your lecture, you use example in 3 columns so should I do the same or I can use paragraph form?
A KPI is a measure of whatever is most important to the success of the business.
In exam questions it depends on exactly what is being asked. Normally it is wanting you to comment on the performance based on whatever information is given in the question.
Your answer should always be in note form and not as columns
Do practice past exam questions on this from your Revision Kit and you will see from there what sort of answers are expected.
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