Having clear goals is so important for any team or business. OKRs are a great way to set measurable objectives and track progress towards important goals.
OKR stands for Objectives and Key Results. The objectives are the big goals you want to accomplish, while the key results are how you will measure success. Initiatives are the specific actions needed to hit those key results.
It’s important objectives are inspiring and the key results are concrete numbers you can track over time. The page gives some examples of well-defined objectives and key results compared to vague, unclear ones.
Tracking key performance indicators (KPIs) helps evaluate what’s working well, but OKRs focus more on driving innovation by setting ambitious goals. They work together.
When writing your OKRs, focus on keeping the objectives short and focused on what matters most. Make sure the key results are outcomes rather than just tasks.
You also need to consider resources, focus, and metrics when planning your initiatives. Don’t try to take on too much – pick one objective at a time to stay focused.
Following best practices like limiting the number of OKRs, defining strategy first, and sharing goals transparently can help your team stay on track and motivated to achieve important objectives.
