Traditional retail banks are at a turning point–both customers’ needs and expectations are changing, as is the competitive landscape. Customers are looking for multichannel sales and service experiences, but they’re not consistently receiving them. At the same time, other financial institutions and non-traditional players are looking for opportunities to redefine and innovate the experience. The… Read more
The U.S. mortgage market has changed dramatically since the global financial crisis of 2007-2008. While many components of the banking industry have fallen into a decade-long pattern of consolidation, the mortgage industry has moved in the opposite direction. Instead of consolidating, the post-crisis market has been characterized by the resurrection of non-bank lenders and increased… Read more
HR in the Integrating role Most people choose HR as a career with noble intentions. They truly believed in a higher calling, they wanted to help people achieve their “Full potential” through the HR function. Soon, reality hits. Few organizations have a strategic view of HR as a critical business function that recruits and nurtures… Read more
Before you embark on your quest to steer your organization towards sustained success, knowing and defining what success looks like is important. So, what does success look like? Many popular concepts in life are really simple, and this is not any different. The way we would like to position the definition of success here in… Read more
OKR Meaning: So, what is OKR? In simple terms the acronym stands for “Objectives and Key Results”. In more detail, an OKR can be defined as a rigorous goal setting and tracking method invented by Andrew Grove and used in Intel from its early years. Andrew Grove derived the concept of OKR from the teachings… Read more
Recently, I had a chance to talk to one of our customers about his company’s experience with Objectives and Key Results (OKRs). This is a medium-size Tech company outside Silicon Valley. Their CMO identified “nimble-footed startups” as their primary threat and wanted his team to “stay sharp” and “execute well”. They decided to “try out”… Read more
It’s the iteration of hypothesis, changes, and measurement that will make you better at a faster rate than anything else we have seen. Gabe Newell CEO, Valve We’ve heard this and similar quotes in the context of product development repeated over and over during the last decade. In younger startups business=product and hence agile… Read more
Introduction Profit.co has this unique PEEL approach to implementing OKRs, which stands for plan, execute, engage, and learn, and then cycles back to plan. We have built features into our Profit.co company that makes it easy for companies to go through this cycle as they engage with OKR planning. Although we came up with this… Read more
Prioritizing is critical to the success of any business or endeavor. There are always competing problems, and you need to pick the right one to solve at any point in time. Shooting for the moon is an enormous endeavor. But, while you shoot for the moon, you must ensure that you’ll last long enough to… Read more
HR is a critical business function that recruits and nurtures the most precious resource of the organization – its people. HR plays a vital role in establishing the culture of the organization by ensuring the right people are recruited, treating employees & alumni as valuable resources, creating an inclusive environment to retain valuable diverse talent,… Read more
Engineering in tech companies plays a critical function. Engineering is responsible for developing the core product which forms the crux of the business – what they are making and selling and what their customers are buying and using. The VP of Engineering, along with the CTO, typically sets up the Engineering team and is responsible… Read more
Just as your goals and ambitions are constantly evolving, so can your OKRs also. Our unique and highly customizable OKR Software is equipped to help you manage these changes. When we first determine our OKRs, we focus on things that really matter to the organization. However, during this time, there may be circumstances that require… Read more