Objectives and Key Results, in brief OKR, is a methodology for defining and tracking objectives and results. To better understand how OKR works, let’s describe OKR first. For more expanded content, see OKR Template page.
We can say that its history began with Peter Drucker, who invented Management by Objectives (MBO for short), and Andy Grove, who developed MBO into the OKR model.
So, how does OKR work?
The aim of OKR is to bond teams and team members around the measurable and quantitative achievements by making them look at the right and same direction all together. To write effective OKRs, it should be deeply understood how the OKR methodology works.
OKR generates a transparent working area which means every member can see what the goals of their company are. As well as what are their responsibilities to reach that goal. This helps companies to understand whether everyone is moving forward in same direction or not.
Management professionals set goals with OKR in order to push team members to leave their comfort zone, leading to enhancement of the team’s cross-functionality. Thus, they can get real results much faster and much easier.
The difference between standing out from competitors and drowning in the sea is the focus. We can describe the OKR system as a helpful methodology for finding that focus. This awesome methodology is actually like a road-map that can be followed with a goal-oriented approach. And, this is a powerful way of achieving success, especially for companies which have dynamic structure.
Business professionals like Google, LinkedIn, Zynga, Twitter and Slack use this methodology since Peter Drucker invented the Management by Objectives and Intel converted MBO into a model, called OKR. Therefore, it’s effective, basic and a time-saver. In addition, you can use an OKR template to track and manage your company’s goals.