Let’s look at all things OKR best practice, from what they really are to how to use them like a seasoned pro for more aligned performance. The acronym OKR stands for Objectives and Key Results. It’s a popular goal management framework that helps break down company strategy into manageable chunks. It’s a simple approach to create alignment and engagement around measurable and ambitious goals.
OKRs have been made famous by some of the biggest Silicon Valley companies from Google and Yahoo! to Spotify, Uber, and Twitter. That’s why OKRs have become industry best practice. They are a goal-setting framework for highly agile and innovative companies looking to maximize performance, engagement, and transparency.
The benefits of the framework include a better focus on results that matter, increased transparency, and stronger company alignment. OKRs achieve this by organizing employees and the work they do around achieving common objectives.
The big difference from traditional planning methods? OKRs are frequently set quarterly, and tracked and weekly. OKR is a simple, fast-cadence process that focuses on engaging people in their work. OKR helps companies bridge the gap between strategy and execution and move from an output-based to an outcome-based approach to work. So, what are you waiting for? Let’s jump in.
What will you learn in this best practice guide to OKRs
- How do OKRs work
- The anatomy of an OKR
- How to set a great OKR
- OKR for Customer Experience: A worked example
- Hybrid Goals
- 7 benefits when you set OKRs
- 10 takeaway tips for setting a great OKR
Empower your employees
OKRs help companies bridge the gap between strategy and execution. They encourage managers and employees to move from an input and behavior-based approach to instead focus on impact and outcomes. The benefits of the best practice OKR framework include a better focus on results that matter, increased transparency, and stronger company alignment.
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