Optimizing Business Performance through KPI Alignment: A Comprehensive Analysis of Key Performance Indicators and Strategic Objectives - American Journal of Industrial and Business Management

AJIBM > Vol.14 No.1, January 2024

Optimizing Business Performance through KPI Alignment: A Comprehensive Analysis of Key Performance Indicators and Strategic Objectives ()

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DOI: 10.4236/ajibm.2024.141003 1,295 Downloads 9,958 Views Citations

Author(s)

Thea Thomas Mtau¹, Nelsen A. Rahul²

Affiliation(s)

¹Senior Quality Assurance Officer, Directorate of Accreditation, Tanzania Commission for Universities (TCU), Dar es Salaam, Tanzania.
²HoD Business Administration, The United African University of Tanzania (UAUT), Dar es Salaam, Tanzania.

ABSTRACT

In the dynamic landscape of contemporary business environments, organizations face the challenge of achieving and sustaining optimal performance. This research explores the pivotal role of Key Performance Indicators (KPIs) in aligning with strategic objectives to enhance overall business performance. The study employs a comprehensive analysis, integrating qualitative and quantitative methodologies to investigate the intricate relationship between KPIs and strategic goals. The research delves into identifying, developing, and implementing KPIs across diverse industry sectors. By examining case studies, surveys, and interviews with industry experts, the study aims to uncover best practices in selecting and aligning KPIs with strategic objectives, considering the unique characteristics of each organization. Special attention is given to the contextual factors that influence the effectiveness of KPIs, such as organizational culture, industry dynamics, and technological advancements.

KEYWORDS

Key Performance Indicators (KPIs), Business Performance

Share and Cite:

Mtau, T. and Rahul, N. (2024) Optimizing Business Performance through KPI Alignment: A Comprehensive Analysis of Key Performance Indicators and Strategic Objectives. American Journal of Industrial and Business Management, 14, 66-82. doi: 10.4236/ajibm.2024.141003.

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