In the OKR Crash course lesson, you will learn:

    • The key topics in the OKR process
    • How to set up a successful OKR program
    • Gain a higher level understanding of why leading organizations use OKRs
    • Understand the difference between outputs and outcomes.

Lesson Summary

Why use OKRs?

OKRs provide a clear and measurable goal-setting framework to help organizations achieve their high-level vision and competitive advantage. They involve setting ambitious objectives, align with the company's vision, and track progress with data-driven key results. OKRs promote alignment among teams, guide employees towards a common goal, and help companies stay on track and be competitive in today's business world.

Lesson Summary

OKRs stands for Objective and Key Results.

An objective is what we want to accomplish and the key results are the measurable proof of our success. The third element of OKRs are the tasks that we need to do to achieve our key results.

However, instead of completing tasks and hoping for a good outcome, we instead want to determine what we want to achieve (our objective) and define the measurable proof ( our key results). Then, all of our tasks must be completed with the goal in mind. This ensures that all of our tasks feed back into our OKRs.

Lesson Summary

OKRs are a way to differentiate between the actions we take and the results we want to achieve, i.e. outcome versus output.

By understanding the difference between outcomes and outputs, OKRs allow us to focus on achieving the best possible results. Achieving a goal that is both a reflection of our best effort and what is realistically possible can be considered a victory, even if it falls short of the ideal outcome, but surpasses the expected results.

Lesson Summary

An objective declares the big idea why and is a destination that teams head towards. An objective should be able to answer for every team what they are currently focusing on, and what are they hope to achieve. It is important to note that objectives should be aligned with the overall business strategy to ensure that teams support the organization's overall goals and are not just isolated efforts. A strong objective provides clarity and inspiration to the team.

Lesson Summary

The most effective way to structure a key result looks like this formula: Key Result = [verb] + [what] from [initial measure] to [target measure]. For great key results, we must ask:

    • How would we know we were successful?
    • What would be awesome in the next 90 days?
    • Is it both our best and possible result?
Lesson Summary

Presentation Decks in PDF