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Okr
This document discusses OKR (Objectives and Key Results), a goal setting framework used by companies to define, align, and track measurable goals. It consists of an objective, which is significant, concrete, action-oriented, and inspirational, and key results which are specific, time-bound, aggressive yet realistic, and measurable. The document provides examples of OKRs, advantages like exceptional focus and alignment, and steps for adoption such as getting top management buy-in and running a pilot. Reasons for failure include using it only for KPIs rather than strategy or tying it to bonuses. OKRs differ from MBOs in being quarterly rather than annual, bottom-up rather than top-down, looking forward
Okr
- 1. OKR: Objective and Key Results AmitRanjan Agile Coach, Tavisca, Pune
- 2. Fortune 500 firms1955 v. 2017 Only 60 remaining • Some of them were bad • Some were unethical • Some did not cope up with market/technology changes • Merger and Acquisition Most have not set their objectives right
- 3. OKR OKR is agoal setting framework for defining, aligning and tracking measurable and ambitious goals and their outcomes. • Invented by Dr. Andrew Grove in 70’s working with Intel • Popularized by John Doerr, first adopted by Google in 1999 Objective • Significant • Concrete • Action Oriented • Inspirational Key Results • Specific and time bound • Aggressive yet realistic • Measurable and verifiable
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- 5. Advantages of OKR ExceptionalFocus High Degree of Alignment Uncommon Degree of Commitment Tracking Stretching
- 6. Reasons to adoptOKR Buy-in from top management Identify a function to run pilot Train the group Identify and track OKR Share success story Roll out at organization level Steps in adoption of OKR
- 7. Reasons of failureof OKR • Used to measure KPI and not for strategy. • Tied to performance bonus/salary increment • Converting long tern strategy to short term goals • Don’t put an HR to the in-charge of OKR rather the CEO/CXO • Jumping Frog Theory- if you put frog into boiling water, it will jump off. Put frog into cold water and slowly warn the water. Frog will remain there • Adapt the framework to suite your requirement. Don’t copy from others. • Targets are not ambitious. They try and match with stretch goals
- 8. MBO vs OKR MBOis game : • Annual • Top-Down • Looking Backwards • Low Alignment • Tied to appraisals OKR is goal post: • Quarter • Bottom-Up • Looking Forwards • High Alignment • Not tied to appraisals
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