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When one quarter comes to an end, another begins! It’s time to collect the learnings from the last three months and set your eye on the prize for the next quarter. But why only depend on your own experiences when you can get the guidance of experts?
By experts, we mean the OKR Champions who make it to our Hall of Fame by successfully leading and implementing OKRs in their organizations!
OKRs are a strategy-execution framework developed by Intel’s Andy Grove and publicized by John Doerr in his bestseller Measure What Matters. The framework was created to suit the agile and rapidly changing business climate of today’s times by aligning teams to strategic priorities and cherry-picking metrics to show progress towards business outcomes.
Organizations like Google are known for functioning on OKR systems to supercharge growth by building an outcome-focused culture. More than 80% of Silicon Valley startups have adopted OKRs and experienced a meteoric rise in their growth, boosted by the success stories of tech giants like Spotify, LinkedIn, and Netflix.
While a tremendous amount of free resources are available across the web, companies are still struggling to unlock the power of successful strategy implementation through OKRs.
The key to finding success with OKRs lies in an exemplary implementation. We reached out to top practitioners who have successfully implemented the framework correctly in their organizations to share their experiences and best practices. Here’s what our Champions had to say!
What do you love about OKRs?
The best part of OKRs is the engagement that brings to everyone in the company. Every employee feels the strategic plan as his own, knowing perfectly his role and understanding the impact his doing on the main objectives
What are the best practices you have introduced on OKRs?
One of the most notable practices is to ‘Define measurable key results for each objective.’ It has brought a new way of accomplishing the goals and ensuring that we are going in the right direction while simultaneously minimizing uncertainty.
What do you love about OKRs?
What are the best practices you have introduced on OKRs?
There were a number of practices that showed good results.
What do you love about OKRs?
OKRs have helped us build a stronger team. It resonates with our organization's culture of being collaborative and gives us a platform to collaborate in a better way altogether. Our weekly progress meetings help us identify the specific areas that we are progressing in and the ones which need immediate attention. This way, we know where to focus and work on the required areas every week. Assigning KRs to smaller teams, taking weekly updates, focussing on short-term goals, and working collaboratively made us perform better.
The best thing about OKRs is the Fitbots platform. It is user-friendly and makes us understand its features in a short span of time. The entire layout of the OKRs on the Fitbots platform is hierarchical and makes it easier to track progress. It helps build a strong team and track developments through regular checkpoints/meetings. The platform helps you build from where you are and strategize the goals accordingly.
What are the best practices you have introduced on OKRs?
The best practices we introduced are:
What do you love about OKRs?
Over the last 12 months, the team at Will International has been working hard to move from static, general annual goals to the Objectives and Key Results (OKR) framework, giving us a really focused, strategic, and dynamic approach to achieving great things in our organization.
What are the best practices you have introduced on OKRs?
Investing in a platform and coaches. A huge shout-out to the Fitbots OKRs team who have not only provided a platform for documenting, structuring, and measuring our OKR progress but also have given us valuable coaching and insights into the OKR process along the way.
What do you love about OKRs?
Something I have personally noticed about OKRs is the focus on ‘impact.’ When you set up milestones and you realize that they don't really connect to the key results, you need to rethink if you’re making an impact. It comes up in the platform when users set down measurements and have to choose between ‘calculating by metrics' or ‘calculating by milestones’. It really makes people think about - "Is what I'm doing really leading to X outcome?" because they think about how it is translating into impact. OKRs really help you see where are you headed if you keep doing the XYZ things that you're doing today, this week, or this month?
What are the best practices you have introduced on OKRs?
We hope you’ve been taking notes! Experimentation is one of the key aspects of an effective OKR culture, so we strongly encourage you to try out one or more of these approaches in the coming weeks. There is no one right way to implement OKRs, and the rate of adoption depends highly on the existing culture and practices of your workplace.
Our advice, to top it all off, would be to trust the process and beware of implementation traps along the way. If you feel that your company would benefit from a systematic onboarding technique coupled with OKR coaching, we offer affordable packages with experts of the highest tier to guide you through step-by-step OKR implementation.
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