Useful things to remember
Why we work with OKRs?
Why we work with OKRs?
- Radical Focus SECOND EDITION: Achieving Your Most Important Goals with Objectives and Key Results - Christina Wodkte
- Measure What Matters: The Simple Idea that Drives 10x Growth - John Doerr
Example: Why doing OKRs
If you want to deep dive into why organisation works with OKRs and their benefits have a look at this video. OKRs are a goal-setting method, but I encourage you to think it as a mindset.
Example: What are OKRs
Objectives are the what and Key results are the How: here’s a video to fully understand what is an objective key results and how it’s structured. In terms of Objectives, let’s think of them as the highest priorities your team needs to accomplish in the next 30-90 days.
Example: What makes good OKRs
To make an example of how to write a good OKR let’s take the example of Noah.
Imagine to have a chat with Noah when he suddenly gets the information that the universal flood is coming, and he is tasked to save all the species on earth.
He is not very good in OKR setting, so his first attempt could be:
OBJ: Build the Arc
KR: Gather the construction wood
KR: Gather equipment
KR: Gather the team.
This framing is not great. First of all the objective is really narrow, it is an output more than a goal, and doesn’t consider the animal saving side.
Second, the KRs are activities, while at this level they shall be outputs or even outcomes.
OBJECTIVE 01: Save all animals before the Universal Flood
KR: The Arc is ready for sea before the rain starts.
KR: 100% of couples of animals for every living species is gathered in the Arc before rains start.
KR: A system to evaluate the floods volume is in place before the rains starts.
This OKR is much better. The goal is clear, motivational and comprehensive. The KRs are easy to evaluate: once the rains start, is the Arc floating? Are all animal species in the Arc or just a percentage of them? Does Noah have a whether forecast system or not?
Warning: OKR vs core business
OKRs shouldn’t be exchanged / misinterpreted as the core business: OKRs are useful indicators to understand how to improve what you are doing and achieve good results / incremental innovation. Your core business can be track down thanks to the health metrics. The combination of OKR and Health Metrics (HM), allow teams to focus on priority activities, projects or innovation (OKR), meanwhile monitoring the Core Businesses Actitivities (HM). The Teams are capable to track all the activities and set their priorities
Work and iterate on the first OKRs - don't panic
Be kind (to yourself and the others) and learn from OKRs / act
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