Objectives:
These are qualitative, inspirational goals that define what you want to achieve.
They should be ambitious and challenging.
They answer the question, "Where do we want to go?"
Key Results:
These are quantitative, measurable metrics that track progress toward the objective.
They should be specific, time-bound, and verifiable.
They answer the question, "How will we know we're getting there?"
Alignment: OKRs help align individual, team, and organizational goals, ensuring everyone is working toward the same priorities.
Focus: By limiting the number of OKRs, organizations can focus on their most important goals.
Transparency: OKRs are typically shared throughout the organization, promoting accountability and collaboration.
Ambitious Goals: OKRs encourage teams to set stretch goals that push them beyond their comfort zones.
Measurable Progress: Key results provide clear metrics for tracking progress and identifying areas for improvement.
Organizations typically set OKRs on a quarterly or annual basis.
Regular check-ins are conducted to track progress and make adjustments as needed.
OKRs are used to drive performance, improve communication, and foster a culture of accountability.
OKRs provide a framework for setting ambitious goals, tracking progress, and ensuring that everyone in the organization is working toward the same priorities. They are a powerful tool for driving performance and achieving significant results.