What is an OKR? Definition & Examples: OKRs That Work Part 1 of 6

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What is an OKR? The acronym stands for objectives and key results. Google has popularized the methodology for high-growth organizations to set goals and manage performance from the top down to the individual level. It’s a great tool used to connect individuals to the larger mission and vision of the organization.
Let’s determine if OKRs are right for you. OKRs work best when you are engaging all of your staff. It’s beneficial if you have several metrics to focus on. OKRs identify your most important metrics. Set a clear direction. What are your organization’s mission and vision? We need something to align to. Lastly, it’s important to have a cultural fit. The OKR process requires commitment, accountability, a certain level of performance, etc. Sometimes teams and organizations just aren’t quite ready.
We’ve put together an official OKR checklist for building OKRs in your organization:
● Set a strategic direction first
● SMART (Specific, Measurable, Actionable, Realistic & Time-Bound) still applies. You’ll find SMART goals integrate into the OKR methodology
● Don’t be confused by the word “results.” It may sound too restrictive. Focus on outcomes that are quantifiable or verifiable
● Cascading is different from what you might expect. The process is malleable and not so restrictive
● Think quarterly
● Don’t introduce new language (don’t feel the need to adopt specific OKR terms)
● Have a more significant impact (value to your community, employees, environment, etc.)
Now that you understand what an OKR is, check out the rest of our series!
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[@fajrihelmi]

waw.. glad to see your newest video again... thanks for all of ur sharing. that's amazing way to make strategic planning so simple

[@DollarDogs]

New to this channel and I must say I love it. Short clear and informative

[@orlandogudino8374]

Very values information, really appliable for those who are involved in the organizations definition of strategies. Sad you have only a few followers. Your work worth by millions.

[@virtualstrategist]

Glad you enjoyed the content.

[@SurviveTheDay]

Great information. Key observation - keep the cap on your whiteboard markers, or they will dry out. In closing I’d ask if you have a methodology to track key assumptions that have made when developing your strategy? Thanks kindly.

[@virtualstrategist]

Check out our whitepaper on OKRs for more guidance: onstrategyhq.com/okrs-that-work-download/

[@maherjilani]

Great video! You have amazing information.. But I know that you would find better music... I believe in you.. You can do it... Anything can work.. lol

[@joaonogueirasantos8211]

MBA class level! So well explained! But please, in future videos improve the audio quality and remove the background music! Please! Have you ever been in a school with background music :)

[@virtualstrategist]

Noted

[@ntcuong01ct1]

Dear Friends, We always see positive OKR means always growing. So is there any case where OKR has a negative value?. If yes, please give an example?. Thank you.

[@virtualstrategist]

For more information on OKRs, check out of whitepaper on it here: onstrategyhq.com/okrs-that-work-download/

[@manasemwanza3871]

Thank you very much for the video. Very informative. Is it possible to include your notes on the white board in your descriptions?

[@virtualstrategist]

We have the transcript posted on our site here: onstrategyhq.com/resources/video-what-are-okrs-obective-and-key-results/

[@geekazoid]

one tip: get a lapel microphone

[@virtualstrategist]

Thanks! New videos are recorded with a microphone :)

[@ابنمالك-ر7ذ]

thank yuo

[@virtualstrategist]

You're welcome

[@ghkiran]

Great going, Thanks for sharing.

[@virtualstrategist]

Glad you liked it! There will be 5 more videos coming in the OKR series over the next few weeks.