It is said that OKRs (Objectives and Key Results) is a simple methodology with a simple language. There are no hard and fast rules, and there is no GAAP (Generally Accepted Accounting Principles). So, much of what has been written of OKRs, taught by consultants, and espoused by OKR Software providers, is open to interpretation. As a result, we have misinterpretations, misunderstandings, and outright “Myths” about the process.
This series of blogs will debunk many of the most prevalent misconceptions.
OKR Myth #7: If you are doing OKRs, you don’t need to do CFRs
Objectives and Key Results, coupled with a dedicated OKR Software platform, feature transparency, and visibility which create alignment and engagement. The Conversations and Feedback of CFRs in tracking, monitoring, and scoring OKRs, create accountability. Combined OKRs and CFRs work together to reinforce the transparency, alignment, and accountability which drives excellence in strategy execution.
If you don’t include CFRs in the OKR protocol, you are not doing the methodology or your company justice. The CFR function is what provides the continuous performance management required to replace the outmoded annual performance review.
Do you manage a company or teams (either as a CEO, a senior executive, a middle manager or even a front-line manager)? Do you set and track objectives? Does aligning employee performance to business goals matter, and are you responsible for driving results? If so, please check out a live demo of Atiim OKR & Goals Management Software and we’d love to hear what you think about it. Thank you!