OKRs goal-setting system in a single infographic
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Back in the 1970s, Intel was among the most respected and admired companies in Silicon Valley. During that time Intel’s CEO, Andy Grove, was the man who managed to drive organizational change. Andy Grove did that via a goal setting process called OKRs or objectives and key results. Where the objective is the direction, toward which the organization needs to be in the medium term. And the key results are milestones, things that allow the company to get there. Those key results need to be easily trackable, understandable and shared across the company. https://fourweekmba.com/what-is-okr/
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OKRs goal-setting system in a single infographic
- 1. FourWeekMBA.com Focus and Committo Priorities Back in the 1970s, Intel was among the most respected and admired companies in Silicon Valley. During that time Intel's CEO, Andy Grove, was the man who managed to drive organizational change. Andy Grove did that via a goal setting process called OKRs or objectives and key results. Where the objective is the direction, toward which the organization needs to be in the medium term. And the key results are milestones, things that allow the company to get there. Those key results need to be easily trackable, understandable and shared across the company. What is OKR? OKRs Inspired by"Measure What Matters: How Google,Bono,and the Gates Foundation Rock the World with OKRs"by John Doerr (Author), Larry Page (Foreword) Align and Connect for Teamwork Track for AccountabilityStretch for Amazing 1 2 34 - Quarterly definition of goals - OKR shepherd - Three to five top objectives - For each objective max 5 key results - Buy-in by organization's leadership - Incentivize employees - Smash departmental silos - Allow half of bottom-up OKRs - All stakeholders to be aligned - Continuous reassessment - Honest and objective grading - It starts from the top - Open and tangible measures - Separate attainable from aspirational goals - Create a free to fail environment - Set ambitious goals but realistic - Exponential rather than incremental Mission & Vision Strategic Goals Objectives Tactics & Tasks Continous Performance Measurement Mission& Vision AnnualStrategic Goal1 AnnualStrategic Goal2... Quarterly Objective1 Quarterly Objective2... KeyResult1 KeyResult2...