OKRs – Objectives & Key Results
“A growth strategy, even a great one, doesn’t implement itself”
$1M is wasted every 20 seconds collectively by organizations around the globe due to the ineffective implementation of business strategy.
It was estimated that 67% of well-formulated strategies failed due to poor execution.
70% of chief strategists express little confidence in their ability to close the gap between strategy and execution.
Benefits of OKRs – Implementation Excellence
OKRs create focus on what matters.
OKRs align teams to a common goal
OKRs to engage and motivate employees
OKRs enable measurement and tracking of key results
OKRs drive and build a high-performance culture
What is – OKR?
In simple terms the acronym stands for
“Objectives and Key Results”.
(the O in OKR) are qualitative, inspirational, time-bound goals to be executed by a team (say, Recruitment) or an individual. Clear and Easy to understand statement of a goal.
Key result (KR):
(the KR in OKR) quantifies the Objective and breaks it into specific metrics that can be used to measure the achievement of the desired Objectives.
How do – OKRs work?
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Why OKRs are better than other management systems?
OKR (Objectives & Key Results)
Other Mgt Systems (MBO, KPI,)
|A powerful goal setting framework backed up with a robust implementation process.||Other Mgt Systems are usually good goal setting tools following the traditional top down hierarchy.|
|Aligns the employees to a common goal.OKRs build engagement which motivates employees and drives performance.||These are output based systems reflecting the performance of the organisation|
|OKR framework helps to successfully execute OKRs, bringing transparency between the teams, individuals, as well as leadership||These mgt. systems work in silos.|
“OKRs have helped lead us to 10X growth,many times over.”
Co-founder – Google