OKRs | The Most Effective Way to Set the Right Goals

OKRs or Objectives are perhaps the most effective way to set the right goals. There are plenty of goal setting frameworks out there, but an OKR gives you the direction you need to gauge what your objective is and how your key results can help get you there.

This was first proposed by Andrew Grove of Intel Corp and later popularized by John Doerr. Having become essential in performance management, OKRs are often pitted against KPIs, like OKR vs KPI. However, they are very different. When you are starting your goals with OKRs, you’ll have an idea of the direction that you’re heading in and how you can measure your progress.

This video provided and OKR example and shows how to measure what matters. Once you begin to set OKRs as your foundation for goal management, you can learn how to set the right goals and perhaps even increase the odds that your objectives & key results will get you to your ultimate goal.

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[VihanChelliah]

Is Liking and Subscribing on your list of OKRs?

[Plinko]

This comes off as "The secret" for goal attainment. Really get the vibe that this is just clever rebranding.

[thedude]

Came for the content, stayed for the great background music & content!

[DirkLachowski]

Unfortunately that‘s not how OKR are implemented. „Read 3 books“ isn‘t a key result, or even a result, but a task. Same with the other two. Also, „improve relationship“ isn‘t an objective but also a task. An objective should be your vision of the outcome. Btw., how would contributing to an account improve your relationship with money (and what‘s the metric in this KR)? In short: If you don’t start with a well thought through objective (like here) you will have a really hard time finding key results to guide your journey towards your goal.

[bosnio]

Great video as always. I find KRs work best when they are: measurable, obvious, focused on value, frequently change, actionable, and lead to action.
When I've worked with others on defining OKRs, KR definition is where people get more lost. For example, a common mistake is to make it boolean.
In your example, I would make your third KR: 'contribute to retirement account' measurable by adding a KPI to it: 'contribute 10% of income to retirement account'.

Hope you find this helpful.

[philosopherv]

I Just finished planning the first term of my own philosophy. I'm going to write 7 books (Actually 1+1+6+12+27+10=57 books) I must reach this first goal. Please update more like this video. It really help me, and yes, of course other people. And also, I want to hear more about your goals. As always, thank you so much!

[eugenelee]

Just curious, what software do you use to create these presentation portion of your videos?

[epplerkj]

Hmm something to think about when working on my blog and other writing projects...

[DeyBwah]

Great concise overview of OKR, Vihan. Bravo!

[erizenlee]

This is a great content. Precise and explained the concept very well.

[briansepolen]

Sneaky, using the white guy as your thumbnail to lend authority to your video... But this is a well-made, informative illustrative introduction to how to think about OKRs. Thanks for this!😊

[manikandangs]

Bro i have doubts in OkR, how can contact you

[AurelianoRiveraCupido]

🎯 Key Takeaways for quick navigation:

00:07 *🎯 Setting Goals with OKRs*
- OKRs, or Objectives and Key Results, provide a structured framework for goal setting and achievement.
- Developed by Intel Corporation CEO Andrew Grove, OKRs emphasize measurable results to track progress.
01:06 *📈 Understanding Objectives and Key Results*
- Objectives represent the main goals to achieve, providing direction.
- Key Results serve as measurable benchmarks to track progress towards objectives.
02:29 *🔄 OKR Framework and its Implementation*
- OKRs follow a structured format of "I will __ as measured by __."
- Differentiates from KPIs as it emphasizes goal setting with measurable outcomes.
03:26 *🛠️ Benefits of Using OKRs*
- OKRs help in staying focused on goals and improving alignment in collaborative efforts.
- Provides flexibility in evaluating progress and adapting strategies for better outcomes.

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