The acronym “KPI” stands for Key Performance Indicator in performance measurement. KPIs are quantifiable metrics used to evaluate the success of an organization or specific activities in meeting objectives. They help businesses assess performance against strategic goals, guide decision-making, and foster accountability. Common examples include sales growth, customer satisfaction, and operational efficiency. By tracking KPIs, organizations can gain insights into their performance, identify areas for improvement, and ensure alignment among teams. Overall, KPIs serve as essential tools for measuring progress and driving business success.