The culture of the technology industry may be synonymous with open workspaces, organic cafes, and wealthy young CEOs cruising the halls in their hoodies and jeans, but at the heart of many of Silicon Valley’s most successful organizations is a powerful strategic framework that drives their success in hitting goals quarter after quarter, year after year.
The OKR (Objectives and Key Results) goal-setting framework came into the spotlight in the early 2000’s when a former Intel employee introduced the process to Google. The concept is simple: The company sets large goals (Objectives) by the month/quarter/year/etc. Then they spell out the targets that will benchmark their progress toward the big goal (Key Results). This same alignment and definition process is then carried out in each business unit and often down to each individual employee, creating a detailed, interconnected map of the relevant, measurable, and aligned work that must be done in order to achieve the vision of the company.
By aligning and defining work across an organization, everyone at every level knows exactly how their work contributes to the overall success of the company, and the business can make intelligent strategic adjustments as necessary when it comes to prioritizing effort and allocating resources.
While the concept is simple enough, moving to an OKR framework represents a new way of thinking and communicating that can be quite a challenge to put in place. We provide expert guidance in developing the mindset, strategy, and implementation plan you need in order to successfully adopt this methodology.