How to Conduct Focused and Productive OKR Weekly Review Meetings?
Big or small, every business needs objective goals to measure its success and growth. Having ROIs on track, or making annual profits, or expanding product/service offerings alone does not provide a comprehensive view of business growth/success. You need to set and implement holistic strategic business goals that give you an objective measure of success or growth.
That steers us to OKRs. OKR stands for Objectives and Key Results. OKR is an agile framework that is used for setting and implementing strategic goals. OKR reviews help align the vision and mission of the company with the operational business. Continuous improvement of business is possible by conducting focused and effective OKR review meetings.
Need for OKR Review Meetings
OKRs can be considered as a framework for formulating the qualitative and quantitative key results that help measure the achievement of the objective. Why do businesses require OKRs? We can give you several reasons why OKR Review meetings are a must for every organization.
- A very popular and effective method of goal setting and driving accountability across the organization.
- Can be used as a framework to drive organizational growth, learning, and agility. Driving agility is derived from the management cycle of revising results and refreshing goals every quarter.
- Serves as a strategic link between the vision and mission of the company with the business operations.
- Can be used as a powerful tool for performance management.
The time interval between OKR Review meetings varies as per organizational need. The best way to plan this interval is to sync it with the management rhythm, market dynamics, and organizational pace. Here are common increments of OKR review conferences:
- Weekly Updates: Weekly OKR meetings or OKR weekly check-ins are the shortest periods. Rather than conducting an exclusive weekly OKR, it is recommended to integrate it with the weekly project or tactical meetings. These meetings can effectively plan the priorities, activities, and goals that the team needs to achieve within the next 5-7 days.
- Monthly Check-in: Monthly OKR reviews are built around the specific purpose of reviewing the performance of the OKRs and identifying and addressing any critical actions that need to be addressed