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Metrics for Business Success

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How do business metrics improve day-to-day operational efficiency? The solution is to collect the right data and use it to create and improve company processes. Key performance metrics in business provide guidance for future strategic growth. Your company’s success depends on consistently reporting and evaluating these business metrics. The most obvious and important business metrics for operations managers are total revenue, net profit, profit margin, and loss. However, these are just a few of the…