Question: TechWave's revitalisation strategy will be rigorously evaluated using the following key performance indicators ( KPIs ) : Customer Retention Rate: Target a 1 0 %

TechWave's revitalisation strategy will be rigorously evaluated using the following key performance
indicators (KPIs):
Customer Retention Rate: Target a 10% increase in customer retention rate within the first
two years of strategy implementation.
Mean Time to Repair (MTTR): Aim to reduce our average network outage resolution time
by 25% within the first year.
Customer Satisfaction Index (CSI): Achieve an 85% Customer Satisfaction Index within
three years.
Operational Efficiency (OpEx): Target a 15% reduction in operational costs over the next
three years through inventory optimization, predictive maintenance, and workforce efficiency
gains.
Innovation Index: Develop an internal innovation index to track progress in developing and
launching new technologies, products, and services.
Environmental Sustainability: Target a 20% reduction in our carbon footprint over the next
five years through energy-efficient infrastructure upgrades, renewable energy sourcing, and
waste reduction initiatives. Evaluate the appropriateness of the selected KPIs for monitoring performance at Techwave.
Suggest and justify TWO additional KPIs that could complement these measures.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!