Drive towards Success Step-by-Step with OKRs

OKR stands for Objectives and Key Results.  They are used to track progress towards a goal.  OKR’s help companies regardless of size break down big goals into achievable bite size, challenging but doable steps.
Some facts about OKRs:
  • Some stay the same for year after year, and others change every quarter.
  • They are clearly measurable.
  • They can be set at all levels of the organization – company OKRs, Department OKRs, Product Based, Function based and Individual based.
  • Organizations can choose to add more granular OKRs as the organization evolves and grows.
Some DOs and DON’Ts when using OKRs:
  • DON’T Set unreasonable expectations
  • DO make sure they link back to company goals
  • DO make them credible and motivating
  • DO create a balance between stretch goals, available resources and employee abilities
  • DO limit the number of OKRs
  • DO make them be ambitious enough to stretch but not break
  • DON’T Skip check-ins
  • DO evaluate OKRs regularly
  • DO Make them public.  They increase transparency and make them stick better
  • DO make them visible across the organization
  • As leaders, DO publicly review the company’s OKRs each month
  • DON’T Skip Celebrations
  • DO celebrate wins along the way – recognize your employee’s hard work
  • DO use OKRs to build a cohesive team
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