When it comes to achieving your goals, OKRs (Objectives and Key Results) are a powerful tool. OKRs are a collaborative goal-setting methodology used by teams and individuals to set ambitious and challenging goals with measurable results. This goal-setting technique is mainly used by senior management and teams to help execute strategy. OKRs consist of two parts: an objective (O) and a few connected key outcomes (KR), usually 3 to 5.These key results are not small, independent objectives to be met.
They are stepping stones on the road to achieving the Goal. Having clear objectives and measuring progress regularly creates an alignment that leads to achieving the desired goals much faster. Google typically starts with the organization's OKRs and aligns priorities using three to five objectives with approximately three key outcomes for each objective. When an objective can last a long time, extend for a year or more, the key results evolve as the work progresses.
OKRs and KPIs (Key Performance Indicators) seem similar at first glance, but KPIs are meant to measure the “health of entrepreneurship,” says Ada Chen Rekhi, founder and chief operating officer of NoteJoy. When setting goals, it's important to set SMART goals (specific, measurable, achievable, relevant and time-bound) that motivate you and write them down to make them feel tangible. If you're looking for some OKR tools to help you set ambitious goals, check out these OKR tracking tools for personal goals and smaller teams and these tools for larger companies. Don't be afraid to take the time to research and find the Key Results that really matter on the path to your goal.