Despite the desire for more strategic achievement, research shows that only 8% of leaders are proficient in both strategy and execution, leaving employees in the dark about company goals.
Did you know that almost 95% of a company’s employees are unaware of, or do not understand, its strategy?
There are philosophies of how to get the right stuff done.
But, The two popular methodologies for achieving strategic success are OKRs and Agile.
However, some argue that these approaches are incompatible, while others seek ways to merge them effectively. Lets us explore more about this.
What are OKRs
OKRs, or Objectives and Key Results, is a powerful goal-setting framework designed to help individuals👨💼 and organizations🏢 measurably achieve their objectives. Here are some key points about OKRs and examples of how they can be used:
📌Objectives are specific, measurable, and time-bound goals that align with an organization’s mission and vision. Examples of objectives include:
- Increase revenue by 10% in the next quarter.
- Launch a new product by the end of the year.
- Improve customer satisfaction ratings by 20% in the next six months.
📌Key Results are measurable outcomes that are used to track progress toward achieving an objective. Examples of key results include:
- Increase website traffic by 50%
- Secure 10 new customers per week
- Reduce customer service response time by 25%
📌OKRs are typically set every quarter, with progress tracked and evaluated regularly.
📌OKRs should be challenging but achievable. They should inspire individuals and teams to reach for ambitious goals while still being realistic.
📌OKRs are designed to align individuals and teams with the broader mission and vision👀 of the organization, encouraging collaboration and accountability.