OKR stands for Objectives and Key Results. It’s a hugely popular way of setting goals, and taking your strategy and turning it into annual and quarterly Objectives into meaningful, hard and measurable goals.
If you’re new to OKRs do not get fooled into thinking that they are a new goal setting framework. OKRs have actually been around for a number of decades. They were created by Andy Grove whilst he was at Intel and then introduced to Google by John Doerr when Google was a start-up. The rest was history.
Measuring what matters
Your OKRs will be measuring what matters, which means they should ideally have Key results with meaningful metrics or KPIs.
You don’t set and forget your OKRs and Initiatives and update the status, progress, confidence and flag what’s holding you back every week so you can improve collaboration, agility and remove issues quickly. You can read more about OKR tracking here.
Single point of truth
If you don’t know or trust the accuracy of Key Result and Initiative progress and confidence you’re going to get back to asking ‘how are you doing?’ and ‘what are you doing?’ If your OKRs are being managed well you know the answers to those questions and ask ‘how can I help?’.
Especially in early days of using and embedding OKRs, having an internal champion or lead that can act as quality assurance, trainer and engagement police, really helps improve the chances of long-term success.
ZOKRI is OKR software that’s been designed to be an OKR management system that helps you create great OKRs and manage them in a way that aligns with OKR best practices.
It’s common to start with a spreadsheet or if you’re in a team your point solution like Jira, but the issue is that these don’t scale across teams well or improve your chances of success with the framework.
The value of mastering OKRs and managing them well is significant. The issues of failing to embed them are also significant, we strongly advise in taking your time to plan to succeed with OKRs. Get the education and coaching your teams may need at the beginning. Choose the right OKR management system, and you will succeed in making OKRs part of your culture.