What do companies like Google, Intel, Intuit, and LinkedIn all have in common? Their structured goal-setting methodology, OKRs (Objectives and Key Results).
The protocol, evolved from Peter Drucker’s Management by Objectives, and was first installed by Andy Grove at Intel. John Doerr, venture capitalist and author of the bestseller, “Measure What Matters,” saw the protocol’s success at Intel, adopted it as his own and famously introduced the system to a very young Google back in 1999. Google continues to use OKRs to this day, nearly two decades later.
Companies everywhere, and in every industry are deploying the system. Not only tech companies, but stalwarts in other sectors such as Anheuser-Busch, BMW, and Wal-Mart use OKRs. As Doerr is fond of saying “OKRs are like a Swiss Army Knife, adaptable to any environment.”
We refer to OKRs as a “simple goal-setting system.” The Objectives are the goals, the “What,” and the Key Results are the metrics, the measurable, the “How.” OKRs have no hard and fast rules, and there is no GAAP (Generally Accepted Accounting Principles). The language is simple, direct, and based on MBOs and SMART goals.
To truly optimize the methodology, informed executives are turning to dedicated, cloud-based OKR management software providers. Read on as we explain the benefits of a scalable software implementation.
Launching OKRs with Your Dedicated Customer Success Manager
Launching a fully integrated OKR and CFR (Conversations, Feedback, and Recognition) program can be a bit challenging at first. An experienced, quality OKR Software provider understands this and will assign a dedicated Customer Success Manager to assist in the start-up and training. Your team will grow accustomed to the system and improve over a short time, with your Customer Success Manager with you every step of the way.
OKR Software, Scalability is Essential
Doerr relates a story in his book of one company that opted to initiate OKRs via a spreadsheet application. All 82,000 employees dutifully listed their OKRs. To convert to a quarterly cadence would have required 328,000 spreadsheets!
A dedicated OKR Software platform provides dashboards which allow you to set Objectives for every level of the company, track progress, monitor results, manage, and store feedback, all with just a few clicks.
OKR Software – Alignment, Visibility, and Accountability
OKR Software enables the best practices of the protocol. The cascading of Objectives and bottom-up planning create alignment and provide motivation. 360° dashboard visibility further enhances alignment making sure everyone in the organization is focused on the same key objectives. Visibility also identifies areas for collaboration and inter-departmental teamwork. Also, through monitoring, tracking, and grading, CFRs instill accountability.
Add automatic prompts, robust reporting capabilities, integration with other apps and systems and you can see why the right dedicated OKR Software platform improves your performance and execution.
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!