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Objective Key Results (OKRs)

Objective Key Results (OKRs)

 

“A critical thinking framework and ongoing discipline that seeks to ensure employees work together, focusing their efforts to make measurable contributions that drive the company forward”

Objectives & Key Results – Paul Niven & Ben Lamorte

 


History of OKRs

 

  • Andrew Grove who was the CEO of Intel during 1968

  • Popular in the 1970s

  • Silicon Valley companies, Google adopted in 1999

Anyone using them?

Adobe, Amazon, American Global Logistics, Anheuser-Busch, Asana, Baidu, BMAT, Box, CareerBuilder, Dell, Deloitte, Domo, Dropbox, Eventbrite, Facebook, FiServ, Flipboard, Gap, GE, Google, GoPro, Humanitec, InsideSales, Instructure, Intel, ISO Energy, Kelly Services, KupiVIP, LG, LinkedIn, Lookout, Lumeris, Malwarebytes, Microsoft, Moz, Mozilla, Nerd Wallet, Netflix, Oracle, Panasonic, Paperless Post, Rackspace, Salesforce.com, Samsung, Sears, Siemens, Slack, Spotify, Tableau, Trello, Twitter, Uber, Viacom, Vmware, Vox Media, Yahoo, Zynga

 


Why OKRs

Create alignment and engagement around measurable goals

Move From This

 

To This


Benefits of OKRs

 


Details of an OKR

Objectives

  • Memorable qualitative descriptions

  • Short, inspirational and engaging

  • Motivating and challenging

Key Results

  • Set of metrics that you measure

  • Ideally 2 to 5 key results per objective

 


Effective OKRs

Objective

What do we want to achieve

Key Results

How do we know we met our objective

Qualitative

Quantitative

Inspirational

Specific

Attainable

Owned

Doable in a quarter

Progress-based

Controlled by the team

Vertically & horizontally aligned

Provides business value

 

 

“If it does not have a number it is not a key result”

Marissa Mayer
Former Google Vice President

 


Examples

Google Example

Objective:

Improve the Reputation of Blogger

 

Key Results:

Reach out to Blogger users personally.

Set up a Twitter account for Blogger and personally update discussions regarding the product.

Speak at three events to re-assert Blogger’s leadership in the industry.

Coordinate Blogger’s 10th anniversary with massive PR (Public Relations) efforts.

Fix the DMCA process and get rid of the music blog takedowns.

Customer Success Examples

Product Development

Customer Support

 


OKR Schedule and Cycle

Annual Strategy

Quarterly Goals

Aligned with Annual Stategy

OKRs With The Roadmap


Roadmap Aligned with Goals

Strategic Themes

Organisational product strategies - pointing the teams in a specific direction.

Examples “Expand our market share in Europe” or “Trust support”

There can be multiple themes running in parallel for a larger organisation.

Quarterly OKR Goals

Each team focus to help achieve the strategic theme

Teams have their own definition of success and their definition of done.

Feature/product hypotheses

The team’s best guesses as to how they will achieve this quarter’s OKR goals.

Educated guesses about what product or feature ideas they think will achieve their quarterly goals.

The boxes for Q3 and Q4 will fill up as learning from Q1 and Q2

 


Measuring OKRs

Timeframe & Grading Key

Q3 2019

Level

Meaning

Level

Meaning

0

No progress

0.3

What you would have achieved anyway

0.5

Almost what you hope to achieve but just short

0.7

What you hope to achieve in your OKR, difficult but attainable

1.0

Above what you were targeting, you knocked the ball out of the park

 

Team

Objective 1

Objective

 

Start

W1

W2

W3

W4

W5

W6

W7

W8

W9

W10

W11

Finish

Owners

Needs Alignment from

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.75

 

 

 

Key Result 1

 

0

0

0

0.3

0.3

0.5

0.5

0.5

0.7

1

1

1

1

 

 

 

Key Result 2

 

0

0

0.3

0.3

0.3

0.3

0.5

0.5

0.5

0.5

0.5

0.5

0.5

 

 

 

Key Result 3

 

0

0