OKRs, or Objectives and Key Results, is a collaborative goal-setting methodology used by teams and individuals to set ambitious and challenging goals with measurable results. It is a framework that helps companies implement and execute strategies, aligning team OKRs with company level objectives, and tracking progress towards those goals. An OKR consists of a goal, which tells you where to go, and several key outcomes, which are the results you need to achieve to achieve your goal. Objectives should not be technical and should not contain a metric, so that everyone understands where to go.
Key outcomes are measurable outcomes that represent valuable business change, indicating how close you are to achieving the goal. Organizations should be careful when designing their OKRs in a way that does not represent business as usual, since those goals, by definition, are not action-oriented or inspirational. Everyone on the team knows exactly how their key results contribute to the company's goal, making it easy for that key outcome to stay in mind during the OKR quarter. Regularly reviewing your key results will help you decide if your initiatives have delivered the desired results or not. Weekdone is your solution for generating status reports, aligning team OKRs with company level objectives, and viewing your weekly and quarterly progress.
Spending time defining team objectives and organizational strategy in a specific and measurable way can help align everyone's efforts. A company objective should be a high-level area of improvement in which several teams can contribute through their daily work and long-term projects. The acronym OKR stands for Objectives and Key Results, a popular objective management framework that helps companies implement and execute strategies. It is the way to track progress, create alignment, and encourage participation around measurable goals. At the end of the time period, you assess how well you have achieved those goals. OKRs are an effective tool for setting ambitious goals and tracking progress towards them.
By defining objectives and key results in a specific and measurable way, teams can ensure that everyone's efforts are aligned towards achieving the same goal. Regularly reviewing key results will help you decide if your initiatives have delivered the desired results or not.