What are OKRs? Easy Explanation And Practical Examples Of Objectives And Key Results

💡 OKRs are a management tool used by some of the most successful companies like Google, Airbnb, Uber, Twitter, and LinkedIn. 🎯 Setting key results is crucial in defining what success will look like for achieving an objective. 💰 Setting a goal to boost online sales by 25% by the end of the quarter can be a key result to achieve the objective of increasing online sales. 💼 Setting a goal to reduce staff absenteeism by 25% can be a controversial but impactful objective for an organization. 📈 OKRs have become popular because Google, one of the most successful companies, is using them effectively, but they were actually brought to Google by a venture capitalist called John Doerr. 🎯 OKRs are not like setting goals once a year, they are done much more dynamically, allowing organizations to become more agile and change direction. 📈 LinkedIn, Twitter, Uber, and Airbnb are setting OKRs not just from the top down, but also allowing the entire organization to set their own objectives and key results. 🎯 OKRs should be ambitious, unlike traditional goal-setting methodologies that aim for as little as possible.