okrs (objectives & key results)
DESCRIPTION
Overview of the OKR approach (Objectives & Key Results)TRANSCRIPT
OKRsObjectives & Key Results
Apr 9, 2023 2
What are OKRs? What’s in it for
Me? What’s in it for SHC? What do I need
to do?
Apr 9, 2023 3
What are OKRs? What’s in it for
Me? What’s in it for SHC? What do I need
to do?
Objective &
Key Results
OKRS STAND FOR…
OKRs are how we will set quarterly objective
…they focus actions and drive results
Objective =What
You Want to Achieve
Objective Example
Increase sales by 10% before the end of next quarter
GOOD OBJECTIVES ARE…
9July 2012
CLEAR
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ambitious
“60% of impossible is better than 100% of achievable.”
11July 2012
Time boundYou need to be able to show results by
the end of the next quarter.
July 2012 12
Actionable(something you can being working on in the
next quarter)
13July 2012
≤ 55 Objectives is the most
that each of us should be working on at any one time.
Key Result =How you know
you’ve succeeded
Key ResultsExample
1. Hire 2 new sales people who each make $10K in new sales by end of next quarter.
2. Implement the new sales tracking system in 30 days.
3. Sell $100K in new products to existing client base.
KEY RESULTS SHOULD BE…
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measureablewe measure ourselves on a scale of 0.0 – 1.0
A Stretch
Perfection isn’t the goal…
Pushing yourself is
19July 2012
≤ 4Results per Objective
Apr 9, 2023 20
What are OKRs? What’s in it for
Me? What’s in it for SHC? What do I need
to do?
Apr 9, 2023 21
OKRs start and end with you!
They are your tool for keeping on track and driving your success at work.
…so most should come from you; then make sure you discuss them and align
with your manager
You score You!
No one else measures you on your OKRs…at the end of each quarter you score yourself on
how you think you did on a scale of 0.0 – 1.0.
Because they are a tool for you…
A score of 0.7 out of 1.0 is good…
But scoring 1.0 all the time probably means you’re results are NOT
really a Stretch!
A score of 1.0 once is amazing!
Apr 9, 2023 24
What are OKRs? What’s in it for
Me? What’s in it for SHC? What do I need
to do?
Greater Transparency
Focused Execution
That Moves Fast
Apr 9, 2023 27
What are OKRs? What’s in it for
Me? What’s in it for SHC? What do I need
to do?
28
Step 1: Draft your OKRs for next quarter
Remember…no more than 5 Objectives.
TIP: Start by reviewing your annual goals and think about what you can do in the next quarter to hit your long-term goals.
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Step 2: Discuss and Align with your manager
TIP: Explain how you think your OKRs are a “stretch” and how hitting them (or even getting close) will help you meet your long term goals
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Step 3: Record Your OKRs
TIP: Revisit your OKRs often and read other’s OKRs so you can see what others are working that may affect your work.
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Step 4: Rate yourself
Score each of your results under each objective on a 0.0 – 1.0 scale
Your overall Objective score is the average of your scores on each result.
TIP: Review your scores…did you set your results too high? Too low? Use this feedback to adjust your results for next quarter.