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Getting Started with
Objectives &
Key Results
Quick Survey
Why OKRs? What is your company’s top
most priority in the ongoing
quarter?
Not more than one line :)
2
Quick Survey
Why OKRs?
If most of your team members
answered this question differently,
definitely there is a lack of direction.
This is where OKRs will provide clarity
to the entire company.
3
Discussion
Begin with the end in mind:
What do you think OKRs will help you
with?
4
Discussion Document your expectations from the OKR process adoption.
In fact, set OKRs for the OKR project & track their progress.
5
What are
OKRs?
Andy Grove, Intel CEO, High Output Management
▪ Where do we want to go? (Objective)
▪ How will we pace ourselves to see if we are getting there (Key Results)
Objective is
▪ Aspirational
▪ Engaging
▪ Qualitative
Key Result is
▪ Quantitative
▪ Focused - not a to do list
6
What are
OKRs?
7
Some of the OKR features that are, at times, too much
talked about at the cost of others.
OKRs are
NOT ONLY
Top-Down Aligned
8
Numbers Focused
OKR methodology tends to be ineffective if it does not
inherit these virtues.
OKRs are
ALSO
Bottom-Up Defined
9
Inspiring Public
2 types of
Key Results
VALUE BASED
Measure outcomes of activities, how
the activities are delivering value.
Example- Increase redemption % of
points to expire from 45 to 55
▪ Result focused culture, not task
focused
▪ Definition of success - improve
something, not ‘do something’
10
ACTIVITY BASED
Measure completion of activities & tasks.
Example- Execute marketing campaigns
for APAC customers
Convert an activity into value
▪ What do we intend to achieve by
doing this activity
Benefits of OKRs 1. Less time spent on setting goals
2. Engagement due to participatory
nature of process
a. Autonomy & accountability
3. Focus due to less number of
OKRs
11
The list of OKR benefits is a long one.
The one on the right is more with
regards to the JPPL context.
The RIGHT
OKR
Cadence?
Usual approach is to adopt dual cadence to separate strategic & tactical OKRs
▪ Company OKRs usually have a longer shelf life (since they are mostly
strategic in nature)
▪ Team & Individual OKRs are revisited at a higher frequency (from every
month to every six months)
- E.g. For a startup who is trying to achieve product-market fit,
monthly OKRs tend to be efficient
- E.g. For a company that is already serving a long list of customers,
quarterly cadence turns out well
Key questions to answer while deciding the cadence
▪ How frequently the strategy needs to change - this will be relevant to
the industry vertical
▪ How frequently the tactics need to change - relevant to the stage of the
company
12
“
Teams tend to assume that things are
impossible, rather than figuring out
what is actually possible.
It’s why we’ve put so much energy
into hiring independent thinkers at
Google, & setting big goals.
13
14
Concept of
Stretch Goals Beyond Comfort Zone
Achieve Unthinkable
Not Demotivating
OKRs & Annual Appraisals
15
Possible
options
16
OKR progress
shouldn’t factor in
compensation
If at all, use OKR
grades as inputs for
revisions
It may sound a bit
subjective, but the
comments/feedback
on OKRs at the time
of grading are a
great source of
input
Difficulty of OKRs &
their impact on the
business
OKR & Annual
Reviews
Common
Mistakes
Too many objectives or too
many key results
Setting up vague key results Only Top-down approach is
not OKRs
17
Not making your day to day
workflow accommodate OKRs
Blindly copying someone else’s
methodology
Tasks are not key results
Identifying
Top
Company
Goals
Long term goal
18
Short Term
OKRs
Vision
OKR
Flavours Google
Annual strategic cadence,
quarterly tactical cadence.
Larry & Sergey’s goals are
available for anyone to see
within the company.
Executives also own a bunch of
individual OKRs, not just
company OKRs.
Spotify
No individual OKRs. Corporate
level OKRs are set more
frequently & thus changing
everything up to the individual
level every time there is a
change in corporate OKR,
didn’t make much sense.
Company OKRs define the
WHY & Team OKRs identify
HOW.
Spotify Rhythm.
Sears
People can opt-in to use OKRs.
It is not mandatory for
everyone. And Q over Q, they
see about 60-75%
participation.
There is a Sears webinar on
youtube, if you are interested.
19
OKRs for
Projects &
BAU Cases
Keep in mind that OKRs should
comprise of ‘Key’ Results.
Not every day to day activity is
supposed to be covered by OKRs.
20
Next Steps
21
- Create a publicly available documentation space
- Scope your OKR project
- Finalise OKRs for your OKR project
- Pilot Rollout
- Draft OKRs
THANK YOU!
22

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Getting Started with OKRs

  • 2. Quick Survey Why OKRs? What is your company’s top most priority in the ongoing quarter? Not more than one line :) 2
  • 3. Quick Survey Why OKRs? If most of your team members answered this question differently, definitely there is a lack of direction. This is where OKRs will provide clarity to the entire company. 3
  • 4. Discussion Begin with the end in mind: What do you think OKRs will help you with? 4
  • 5. Discussion Document your expectations from the OKR process adoption. In fact, set OKRs for the OKR project & track their progress. 5
  • 6. What are OKRs? Andy Grove, Intel CEO, High Output Management ▪ Where do we want to go? (Objective) ▪ How will we pace ourselves to see if we are getting there (Key Results) Objective is ▪ Aspirational ▪ Engaging ▪ Qualitative Key Result is ▪ Quantitative ▪ Focused - not a to do list 6
  • 8. Some of the OKR features that are, at times, too much talked about at the cost of others. OKRs are NOT ONLY Top-Down Aligned 8 Numbers Focused
  • 9. OKR methodology tends to be ineffective if it does not inherit these virtues. OKRs are ALSO Bottom-Up Defined 9 Inspiring Public
  • 10. 2 types of Key Results VALUE BASED Measure outcomes of activities, how the activities are delivering value. Example- Increase redemption % of points to expire from 45 to 55 ▪ Result focused culture, not task focused ▪ Definition of success - improve something, not ‘do something’ 10 ACTIVITY BASED Measure completion of activities & tasks. Example- Execute marketing campaigns for APAC customers Convert an activity into value ▪ What do we intend to achieve by doing this activity
  • 11. Benefits of OKRs 1. Less time spent on setting goals 2. Engagement due to participatory nature of process a. Autonomy & accountability 3. Focus due to less number of OKRs 11 The list of OKR benefits is a long one. The one on the right is more with regards to the JPPL context.
  • 12. The RIGHT OKR Cadence? Usual approach is to adopt dual cadence to separate strategic & tactical OKRs ▪ Company OKRs usually have a longer shelf life (since they are mostly strategic in nature) ▪ Team & Individual OKRs are revisited at a higher frequency (from every month to every six months) - E.g. For a startup who is trying to achieve product-market fit, monthly OKRs tend to be efficient - E.g. For a company that is already serving a long list of customers, quarterly cadence turns out well Key questions to answer while deciding the cadence ▪ How frequently the strategy needs to change - this will be relevant to the industry vertical ▪ How frequently the tactics need to change - relevant to the stage of the company 12
  • 13. “ Teams tend to assume that things are impossible, rather than figuring out what is actually possible. It’s why we’ve put so much energy into hiring independent thinkers at Google, & setting big goals. 13
  • 14. 14 Concept of Stretch Goals Beyond Comfort Zone Achieve Unthinkable Not Demotivating
  • 15. OKRs & Annual Appraisals 15
  • 16. Possible options 16 OKR progress shouldn’t factor in compensation If at all, use OKR grades as inputs for revisions It may sound a bit subjective, but the comments/feedback on OKRs at the time of grading are a great source of input Difficulty of OKRs & their impact on the business OKR & Annual Reviews
  • 17. Common Mistakes Too many objectives or too many key results Setting up vague key results Only Top-down approach is not OKRs 17 Not making your day to day workflow accommodate OKRs Blindly copying someone else’s methodology Tasks are not key results
  • 19. OKR Flavours Google Annual strategic cadence, quarterly tactical cadence. Larry & Sergey’s goals are available for anyone to see within the company. Executives also own a bunch of individual OKRs, not just company OKRs. Spotify No individual OKRs. Corporate level OKRs are set more frequently & thus changing everything up to the individual level every time there is a change in corporate OKR, didn’t make much sense. Company OKRs define the WHY & Team OKRs identify HOW. Spotify Rhythm. Sears People can opt-in to use OKRs. It is not mandatory for everyone. And Q over Q, they see about 60-75% participation. There is a Sears webinar on youtube, if you are interested. 19
  • 20. OKRs for Projects & BAU Cases Keep in mind that OKRs should comprise of ‘Key’ Results. Not every day to day activity is supposed to be covered by OKRs. 20
  • 21. Next Steps 21 - Create a publicly available documentation space - Scope your OKR project - Finalise OKRs for your OKR project - Pilot Rollout - Draft OKRs

Hinweis der Redaktion

  1. O - Implement a goal setting process that helps employees become more productive KR 1 - OKRs implemented org wide by end of Q3 KR 2 - Document at least 5 positive experiences by employees that are specifically related to increase in productivity O - Increase platform engagement KR 1 - Go-live 2 highest voted features KR 2 - Track changes in metric - no of OKRs graded/quarter/user KR 3 - Increase no of daily active users from 47% to 65%