Difference Between a KPI and a KRA?

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KRAs for Individuals versus KPIs for Organization, Dept. or Individual

Key Performance Indicator versus Key Result Area

• A key result area (KRA) is an important/essential area of business that requires good/excellent performance of a firm or department to achieve good profitability, to survive or to grow in its industry. Can also be used on individual level.
• A key performance indicator (KPI) is a performance metric, used by organizations to measure how good the firm is performing. Can also be used on individual level.
• @Amit Ballal: Indeed we can also find the word KRA (Key Responsibility (!) Area). This is mostly used at the individual level, to indicate something a staff member must absolutely, positively do to fulfill his/her responsibilities and achieve his/her business goals. It is a tool to help align employee responsibilities with higher-level targets of the organization.