OKRs (Objectives & Key Results)
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Overview of the OKR approach (Objectives & Key Results)
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OKRs (Objectives & Key Results)
- 1. OKRs Objectives & Key Results
- 2. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 2
- 3. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 3
- 4. OKRS STAND FOR… Objective & Key Results
- 5. OKRs are how we will set quarterly objective …they focus actions and drive results
- 6. Objective = What YouWant to Achieve
- 7. Objective Example Increase sales by 10% before the end of next quarter
- 9. CLEAR July 2012 9
- 10. ambitious “60% of impossible is better than 100% of achievable.” Oct-14 10
- 11. Time bound You need to be able to show results by the end of the next quarter. July 2012 11
- 12. Actionable (something you can being working on in the next quarter) July 2012 12
- 13. ≤ 5 5 Objectives is the most that each of us should be working on at any one time. July 2012 13
- 14. Key Result = How you know you’ve succeeded
- 15. Key Results Example 1. Hire 2 new sales people who each make $10K in new sales by end of next quarter. 2. Implement the new sales tracking system in 30 days. 3. Sell $100K in new products to existing client base.
- 16. KEY RESULTS SHOULD BE…
- 17. 17 measureable we measure ourselves on a scale of 0.0 – 1.0
- 18. A Stretch Perfection isn’t the goal… Pushing yourself is
- 19. Results per Objective July 2012 19
- 20. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 20
- 21. OKRs start and end with you! They are your tool for keeping on track and driving your success at work. …so most should come from you; then make sure you discuss them and align with your manager Oct-14 21
- 22. Because they are a tool for you… You score You! No one else measures you on your OKRs…at the end of each quarter you score yourself on how you think you did on a scale of 0.0 – 1.0.
- 23. A score of 0.7 out of 1.0 is good… A score of 1.0 once is amazing! But scoring 1.0 all the time probably means you’re results are NOT really a Stretch!
- 24. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 24
- 26. Focused Execution That Moves Fast
- 27. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 27
- 28. Step 1: Draft your OKRs for next quarter Remember…no more than 5 Objectives. 28 TIP: Start by reviewing your annual goals and think about what you can do in the next quarter to hit your long-term goals.
- 29. 29 Step 2: Discuss and Align with your manager TIP: Explain how you think your OKRs are a “stretch” and how hitting them (or even getting close) will help you meet your long term goals
- 30. 30 Step 3: Record Your OKRs TIP: Revisit your OKRs often and read other’s OKRs so you can see what others are working that may affect your work.
- 31. 31 Step 4: Rate yourself Score each of your results under each objective on a 0.0 – 1.0 scale Your overall Objective score is the average of your scores on each result. TIP: Review your scores…did you set your results too high? Too low? Use this feedback to adjust your results for next quarter.
Editor's Notes
- NEED to ADD EXAMPLE OF a GOOD OKR
- By the end of the quarter
- By the end of the quarter
- Need to add clarity around what less than 4 means
- Make this more graphical, less words, add language around organic or bottom up
- focused
- maybe
- maybe