Table 1.
Characteristics of KPI and KRI
| KPIs | KRIs |
|---|---|
| Non- financial | Financial and non-financial |
| Useful as a report for CEO | Useful as an executive summary for board of director |
| Conceivable for employees and corrective action can be done | Not suitable for employees and managers for identifying strength and weaknesses |
| It can be define personal responsibilities for indicators | Generally CEO is responsible for indicators |
| Have dramatic effects on performance and a KPI relate with more than one organizational goals | Summarize how much organizational goals achieved and a KRI relates only with one goal |
| KPIs can improve organizational performances | A KRI is the result of number of managed activities in organization |