Polaris index can reflect the overall performance of enterprises or organizations, and can also guide employees' work priorities and action directions.
For the setting of Polaris indicators, we need to follow the SMART principle, that is, concrete, measurable, achievable, relevant and time-limited. These principles ensure the clarity, operability, feasibility and effectiveness of the indicators.
Specifically, the first key indicator of Polaris index should be able to reflect the strategic objectives of enterprises or organizations, and be able to turn strategies into concrete action plans. At the same time, this indicator should be able to be measured and evaluated regularly, so as to find problems and improve them in time. In addition, the Polaris index should also be able to guide the work direction and focus of employees and stimulate their work motivation and creativity.
When setting the first key index of Polaris, we need to consider the market environment, internal capabilities of enterprises and customer needs. At the same time, according to different business types and characteristics, formulate indicators that are in line with the actual situation.
Principles for establishing Polaris index:
1, the principle of clarity: the name and definition of indicators should be clear and clear to avoid ambiguity and misunderstanding.
2. Testability principle: the data of indicators should be quantifiable for comparison and analysis.
3. Achievable principle: indicators should be achievable, and avoid setting too high or too low a goal.
4. Relevance principle: indicators should be related to the strategic objectives of the organization and can reflect the needs and objectives of the organization.
5. Time-limit principle: Indicators should have a clear time limit so that organizations can evaluate progress and results.
6. Business * * *: The development of Polaris indicators should be completed by business departments and data analysis departments * * * to ensure that indicators are closely related to business needs.
7. Reflect the health status of products/business lines: Polaris indicator should be a key indicator that can reflect the health status of products or business lines, and can evaluate the profitability and development trend of products.
8. Keep it simple: Polaris indicators should be simple to avoid too many indicators leading to confusion and difficult operation.
9. Change with product cycle: Polaris index may change with product cycle. For example, in the early stage of the product, you may need to pay attention to indicators such as user growth and activity; In terms of product maturity, it may be necessary to pay attention to indicators such as user retention and liquidation.