Academy

Join the Intrafocus Academy

If you like our free strategy resources then join the Intrafocus Academy for additional material

Strategy Workshop

A three-session workshop based on the Intrafocus Strategic Planning Process (SPP)

Balanced Scorecard Certification

A five-day master class and certificate as a Balanced Scorecard Professional

Strategic Plan Audit/Review

Let us take a look at your strategic plan to check it contains all the elements needed in a good plan

Resources

Free Strategy Resources

A library of resources for anyone interested in strategic planning and KPI management

Strategic Planning Process (SPP)

Our next generation Strategic Planning Process based on the Balanced Scorecard Methodology

Blog - Intrafocus Insight

New articles published every two weeks, join our mailing list and keep up

Our Customers

Don’t take our word for it, see what the Intrafocus customers have to say.

Software

KPI and Strategy Software

Intrafocus is the only EMEA authorised reseller of Spider Impact® from Spider Strategies®.

Spider Impact Video Guides

From getting started all the way through to integration to back-end systems. 

Spider Impact User Guides

A complete set of user guides. Everything you have ever wanted to know from A to Z.

Strategic Plan Generator

Use this application to guide you through creating your strategic plan – lots of examples to look at.

Contact and Help Desk

If you have any questions or need some help or guidance, you can contact us at any time.

How many KPIs

If there is one thing that we are really good at, it is measuring things.  If it moves, measure it.  If it doesn’t move, measure how long it stays still. We are convinced that if we can measure it, then we can manage it.  And the result?  We spend more time measuring than managing. When running a large operation, clearly we need to measure a lot of things, but when we are managing a business, day to day operational measurements become less important. Running a business requires us to measure those things that contribute to our business objectives and ultimately our vision for the future.

We therefore concentrate on Key Performance Indicators (KPIs). The measurements that are key to the performance of our business strategy. So how many KPIs are required? It is here that we often fall into the trap of mixing operational measures with business KPIs. On the whole, operational measures are easy to find or define.  For example, on a manufacturing assembly line, it may be important to clock people in and out to ensure they get paid correctly, but the hours they work may or may not be relevant to the business strategy.  It all depends on whether or not there is a strategic (or business) objective related to the workforce.  At best, hours worked may be a contributor to a KPI.

The number of KPIs is directly related to the number of strategic objectives a company/organisation has.  The number of strategic objectives is dependent on the resources and time available to meet the objectives set.  Given that just about everyone in a company/organisation has a ‘day-job’, the time left to focus on strategic objectives tends to be small.  In a study by Franklin and Covey they talk about the whirlwind of the day job. The whirlwind sucks us into all of the activities that are required to keep the organisation running and leaves no time for anything else.

To put an effective, measurable strategy in place, the number of strategic objectives has to be small.  there is a law of diminishing returns:

  • If I plan to do 1-3 things, I will achieve 1-3 things
  • If I plan to do 4-10 things, I might achieve 1 or 2
  • If I plan to do more than 10 things, I will achieve nothing

Simply put, I will fail if I spread myself too thinly. When creating a strategy using the Balanced Scorecard methodology, we look to put no more than three strategic objectives into each of the four perspectives. The rationale being, each perspective will have its own skill base and resource set.  At a minimum, each strategic objective will have one KPI associated with it and certainly no more than three. So how many KPIs do I need?  At a minimum 12 and at a maximum 36.  Follow the rules, tried and tested over 20+ years of usage, and you cannot go wrong.

For more information on KPIs look at our white paper How to Develop Meaningful KPIs