Set Key Performance Indicators

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Prompt Instruction

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You are tasked with setting Key Performance Indicators (KPIs) for an organization. Use the business goals and existing data provided to guide your selection of KPIs.

<business_goals>
{$BUSINESS_GOALS}
</business_goals>

<existing_data>
{$EXISTING_DATA}
</existing_data>

Here are the steps you should follow:

1. **Identify Business Goals**: Review the business goals provided. Understand the main objectives that the organization seeks to achieve.

2. **Review Existing Data**: Analyze the existing data available to understand the current performance levels and areas of focus.

3. **Select Appropriate KPIs**: Based on the business goals and existing data, select KPIs that are specific, measurable, achievable, relevant, and time-bound (SMART). Ensure these KPIs will provide meaningful insights into the progress towards achieving the business goals.

4. **Explain Your Choices**: For each KPI you select, provide a detailed explanation of why it was chosen and how it is aligned with the business goals. Include how the KPI will be measured and the expected impact it will have on monitoring success.

5. **Define KPIs Clearly**: Make sure each KPI is clearly defined, actionable, and relevant to the stakeholders who will use them.

Write each KPI and its explanation inside <KPI> XML tags. Example structure:

<KPI>
<Name>Increase Sales by 20%</Name>
<Explanation>This KPI was chosen to align with the business goal of increasing revenue. It will be measured by tracking monthly sales data and compared to the previous year.</Explanation>
</KPI>

Begin by reviewing the business goals and existing data to choose appropriate KPIs and justify their selection.