What is Objectives and Key Result Model (OKR)?
Goals and key results are a popular leadership process for setting, communicating, and monitoring the goals and results achieved by the organization within a specific time frame. OKRS connects company, product, project, team and individual goals on the same path to destiny.
The OKR was first implemented by Intel CEO Andy Grove in the 1970s. Since then, many successful companies have grown up under the instructions of OKR (Google, LinkedIn, Oracle, Facebook, Twitter, Spotify, Airbnb and etc.).
What is OKRs Model?
How is it different from traditional strategic planning methods? Goals and Key Results (OKRS) is usually established, tracked, and re-evaluated on a quarterly basis. OKR is a simple, fast process that attracts the perspective and creativity of each team. It is a goal-setting approach that helps an organization achieve its mission through measurable and time-bound actions. It helps us keep our plans on track.
OKRS includes a clearly defined goal and 3-5 key outcomes. Specific measures used to track the achievement of this goal. The goal of OKR is to define how to achieve goals through concrete and measurable actions. Key results can be measured on a scale of 0-100% or any number.
OKR Template
Here is a OKR template created with Visual Paradigm's online strategic analysis tool. You can customize this template by modifying the text, color and font, and use it in your presentations and reports.
