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Okr introduction-slides

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What is OKR?
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Okr introduction-slides

  1. 1. Introducing Objective & Key Results (OKRs) This presentation template was created by ZOKRI to help you introduce, plan and teach OKRs in your company. Add brand colours and your logo and you’re away. Please do not publish all or any part of this presentation online without the express permission of ZOKRI. Thanks you! If you have any suggestions or would like to talk to the ZOKRI team, you can email us at support@zokri.com We’d love to hear from you and how the presentation went.
  2. 2. Andy Grove creates OKRs to execute Operation Crush at Intel John Doerr introduces them to Google and they’re adopted Google becomes pretty successful over the next 20 + years OKRs become a best-practice goal setting framework 1970’s 1999 2000’s Today OKRs Are Not New, They Are Best Practice
  3. 3. What’s So Special About OKRs Measurement Is Core Focused on ‘measuring what matters’ right now Encourage Ambition Encourage ‘hard’ goals to be set, which means we achieve more Alignment Is Systemized Facilitates top-down and bottom-up alignment Transparency Can’t Be Avoided Forces transparency which builds trust and creates accountability
  4. 4. What’s So Special About OKRs Silos Can Be Broken Improves collaboration between teams and breaks down silos Better Managers Improved management control without being controlling Our People Will Thrive Increased employee purpose, engagement and performance
  5. 5. OKRs, The Basics
  6. 6. O for Objective Major goals the organization or department want to accomplish Qualitative & crafted Succinct, ambitious, motivational and almost copy written Objective Examples Ambitious sales growth, no problem Make the most of all the MQLs we get Turn quality SQLs to long-term Revenue, just a little faster Turn our website in to a lean mean lead generation machine We don't need to say we're the best, our users do
  7. 7. KR for Key Results Specific, Meaningful, Measurable, Impactful Key Results describe how you will accomplish the Objective 1 – 4 expressions of the ‘measurements that matter’ in order for the Objective to be achieved Key Result Examples Ambitious sales growth, no problem KR: Increase Average Revenue Per Account (ARPA) to $20K KR: Achieve $250k New Monthly Recurring Revenue KR: Increase New Bookings at Total Contract Value (TCV) to $2.5m KR: Increase New Contract Average Months Up Front Payments to 2 year
  8. 8. OKRs In More Detail With Discussion
  9. 9. Measuring What Matters Board / SMT What’s our mission and strategy? Are we measuring what matters? What do we report on that we need to really focus on most? Functional / Departmental Teams How do we align the the Company OKRs? What are our KPIs that we need to really focus on? Are there key projects we need to deliver? Are we combing leading and lagging metrics? Have we avoided vanity metrics? Cross Function / Department Teams or Squads Which KPIs do you want this temporary team to really focus on? Are there key projects they need to deliver?
  10. 10. Less & Way More Important Is Best Strategy & OKRs Are Similar If the essence of good strategy is focusing all of your resources in the few areas of most impact, OKRs are a reflection of that. Just because you can plan down to the smallest operational task doesn’t mean you should. What is our Strategy? What are our Strategic Pillars? How would we define those as Company OKRs?
  11. 11. Hard Goals Are Not Going To Make You Look Bad What looks bad is not being ambitious Hard goals stretch and inspire us and help the company achieve more From $0 to Over $9K Did you know that ’hard’ goals are estimated to be worth over $9,000 Per Year / Per Employee, with easy to attain goals being worth ZERO 70% to 100% With Hard Key Results, 70% to 100% progress by the end of the period is success! With ‘Moon Shots’, 30% progress could be huge! Normalize Hard
  12. 12. Balance Key Result Increase Objective Quality, Create Balance For Examples, take this OKR Objective Keep Sales fueled with leads that convert Key Results Increase the number of MQLs to 1,000 this Quarter (Marketing could succeed but sales not grow) Increase the MQL to SQL Conversion Rate to 50% (Now, we’re keep Marketing also focused on Quality and what the Sales needs) Note: You can also balance Projects with KPIs e.g. you re--design the websites to …. increase conversion? Quantity Quality
  13. 13. Where + How, Separated OKRs set ‘where’ you are going Initiatives are ‘how’ you’re going to get there OKR Keep Sales fueled with leads that convert Increase the number of MQLs to 1,000 this Quarter Increase the MQL to SQL Conversion Rate to 50% Initiatives Launch a White Paper that screams thought-leader Profile our best customers to help us spot future customers Improve the Quality Score threshold for turning Leads to MQLs Don’t mix them up! OKRs Initiatives
  14. 14. Alignment, Transparency & Culture Our alignment, ambition, and progress will be there for all to see We need to … Trust each other, have no fear of conflict or failure, and commitment and accountability to each other This is part of our cultural values so we live them
  15. 15. Weekly Cadence Confidence, Progress & Status, Weekly No end of Quarter Surprises
  16. 16. OKRs Are Non-Optional Avoid OKR Maintenance & Engagement Failure Lazy, Rules Don’t Apply, Too Busy (Needs Strong Management) Worried, Embarrassed (Needs Help / Support / Cultural Improvements)
  17. 17. Successful Roll-out OKRs
  18. 18. Good Foundations ZOKRI Are Going To Help Us Succeed Use their OKR Planning Sheet Book Software Training and Support Access their OKR Academy & How-to Knowledge Base OKR Coaches / Consultants can support us Do we want coaching? Education Software Support
  19. 19. Now Proposed Next Steps We add draft OKRs to the planning sheet for review Next We get trained to use ZOKRI and add our final OKRs to their software Start weekly cadence and commit to this for the rest of the Quarter Then Plan wider OKR roll-out now we’ve become more expert Success 4 3 2 1
  20. 20. Let’s Get Going OKRs For new starters
  21. 21. We Use ZOKRI We Use ZOKRI For OKRs Ask [NAME] to be added as a User Plan Using OKR Planning Sheet If needed, book Software Training and Support Access OKR Academy & How-to Knowledge Base Add OKRs To ZOKRI Education Software Support For new starters
  22. 22. FAQs Do we link OKRs and Personal Reviews? • If we want people to truly become better teams, collaborate more effectively, and set harder goals, tightly linking reviews to OKR performance won’t work • OKRs are only very likely linked to personal reviews • This is how Google work as well – if you’re interested
  23. 23. FAQs Do we set Personal OKRs? • Companies like Spotify have stopped doing Personal OKRs and to start with it’s not recommended, as it’s better to get OKRs working in teams first

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