Objectives and Key Results (OKR) is a methodology that helps business owners, managers, and individuals plan an objective-based strategy. It is an extension of the MBO that focuses on measuring the results of the objectives through the key results. Don't expect key results to become objectives when assigned to someone else. In fact, it doesn't create key results at all.
You can then create key results for these sub-objectives. The key results are the measures and milestones that indicate how you know you will achieve our goal. The key results are the measurable results that represent a valuable change in the business, indicating how close you are to achieving the goal. Key results measure progress toward the goal as a sign that shows how close you are to your goal.
OKRs need relevant and accurate data to work. After all, key results are a quantitative measure and, as such, are always associated with specific numbers and figures. That's why OKRs are so useful, since they provide you with a clear reference point that tells you how far you (if you consider your key results as milestones), your team members and your departments are moving towards your respective objectives. We recommend starting with an OKR workshop in which all the key stakeholders responsible for the company's strategy first seek employee opinions on what they think the top priorities should be and then collect them. Don't hesitate to take the time to dig deeper and find the key results that will really matter on the path to your goal.
At the beginning of the quarter, you'll not only assess the viability of your goal based on key results, but you'll also plan your OKRs. Each of the 1 to 5 objectives you set should have 3 to 5 key results by nature, they are a quantitative concept and require specific numbers or figures. So, if you could achieve your goal without completing your key results, your key results probably aren't the right milestones. With Weekdone's OKR software, you can easily establish connections between company and team objectives and add key results that indicate if you've achieved your goals. This encourages a more bottom-up approach to goal setting, since by giving teams ownership of the company's key results, they will contribute to the company's objective as they advance their own OKRs during the quarter.
While the company's key results encompass broad metrics, the group's key results should measure progress in more detail, such as sales of a specific product. In conclusion, Objectives and Key Results (OKR) is an effective methodology for planning an objective-based strategy. It is an extension of MBOs that focuses on measuring the results of objectives through key results. It is important to remember that if you can achieve your goal without completing your key results, then those key results are not right milestones.
