What Is Objectives and Key Results (OKR)?

Objectives and Key Results (OKR) is the organizational goal-setting framework that helps to define objectives and their measurable results. The OKR method was first used by the tech industry and then gradually adopted by many companies around the globe. In the OKR framework, the objectives are specific, ambitious goals that showcase what a company or a team is focused on within a particular timeframe. Key results are measurable metrics or milestones that show the movement toward the purpose. OKRs can be set at multiple levels in an organization, such as those at a company, departmental, and individual levels, to guarantee coherence and openness across the organization.

Example Of Objectives and Key Results

For example, a software development company can create a company-wide goal of "Improve Customer Satisfaction". Departments such as product development, customer support, and marketing can cascade their own OKRs aligned with this overarching company objective. Through OKR implementation, a software development company is capable of concentrating resources, aligning all efforts and measuring the outcomes to ensure ongoing improvement and strategic objectives achievement.