What does KPI stand for?

KPI stands for Key Performance Indicator. This term refers to measurable values that demonstrate how effectively an individual, team, or organization is achieving key business objectives. Organizations use KPIs to evaluate their success at reaching targets and goals.

KPIs can be applied across various levels of an organization and can help track performance over time, thereby guiding decision-making processes. They are fundamental for assessing the efficiency of a company's operations and can cover various aspects, such as productivity, quality, efficiency, and more.

The other options do not align with the commonly accepted definition of KPI and focus on different concepts that may not be directly related to performance measurement within a business context. Key Profit Increase, Key Product Innovation, and Key Partnership Initiative refer to different strategic goals or focuses, but they do not encapsulate the comprehensive nature of what KPIs represent within business management.