063: Mastering Key Performance Indicators

In this episode, I discuss KPIs (Key Performance Indicators) that are used to measure the success of various activities which are undertaken across schools. But they're also often detached from the strategy or measuring things for the sake of it, rather than being aligned with strategy.Firstly, I explore why KPIs matter and why they can be beneficial for schools. KPIs influence behaviour and allow you to measure progress on projects. They are a great way to guide where focus should be placed and see how effective the strategy as it's being implemented. It is important that your KPIs are aligned with your strategy, otherwise, they will not be indicating success in the right way. I share the three areas you need to think about when constructing KPIs.1. They need to measure outcomes that you actually care about2. They should measure outcomes across the stakeholder groups that you work with3. They need to cover all parts of the strategy from the big goals to the smaller ground-level aspectsWhen you are thinking about KPIs, you are looking for simplicity, focus on the things that are actually really important this year for your school and to make sure that what gets measured, gets done.References and ResourcesCatch up on previous podcast episodes at www.consultjuliet.co.uk/podcast Download your copy of the free eBook ‘The Strategic Independent School Leader’ at www.consultjuliet.co.uk/ebook

Om Podcasten

A podcast for leaders and fundraisers at independent schools, helping them strengthen their school’s income streams. Join Juliet Corbett and a host of inspirational guests for actionable tips and strategies covering everything from fundraising to fees, commercial ventures to international partnerships.How can private schools secure their future for generations to come amid turbulent times? How can they balance their long heritage with modern business acumen? Listen in for interviews and insights to find out.