What are OKRs?
OKRs, or Objectives and Key Results, are a goal-setting framework that helps organizations align and track their strategic objectives. OKRs were first introduced by Google and have since become a popular management tool in many industries.
OKRs consist of two components: an objective, which is a clear and ambitious goal, and key results, which are measurable indicators of progress towards the objective. One of the main benefits of OKRs is that they enable effective strategy execution, which is often a challenge for many organizations. According to some studies, only about 10% of the strategies formulated by companies and organizations are actually implemented. OKRs can help overcome this gap by creating a shared vision, fostering collaboration, and providing feedback.
Who Can Benefit from OKRs?
OKRs are useful for anyone who cares about the organization’s performance and alignment with its goals and strategies. This includes senior leaders, middle and operational managers, and the organization’s specialists. OKRs can help them achieve better results and collaboration.
How OKR and Strategy Are Related
OKR is a framework that helps organizations execute their strategy effectively. However, OKR is not a substitute for strategy. Organizations need to define their strategy first and then use OKR to align and track their strategic objectives. OKR and strategy are complementary, not interchangeable.
What We Offer as an OKR Service Provider
- We provide OKR training for the organization’s managers and specialists at different levels.
- We also help the organization formulate an OKR implementation plan and identify the target groups.
- We assist the organization in holding meetings to define strategic OKRs with the participation of company leaders.
- We facilitate the meetings to establish OKRs for the units that are selected as the target group.
