Objectives and key results (OKRs) is defined as “a framework for defining and tracking objectives and their outcomes.” It is a framework that serves as a continuous performance management solution. A common measurable question that results in a numerical value using the OKR platform is, “Did I perform this specific action, Yes or No? It is a simple question that can easily be answered without judgment. Combined with other tracked objectives, these measurable outcomes display a wealth of information. The results are used to identify initiatives that support towards achieving goals while promoting company growth.
In a recent article dated June 18th of 2019, we take a look at an article that describes “best practices for managers” to lead a successful OKR program. The article begins to describe that one of the vital points in a successful OKR program is its managers.
The first practice mentioned is “setting priorities”. The article states that during this time in setting priorities, managers should create, review, and “finalize a checklist”. This checklist involves reviewing company objectives, planning, and supporting initiatives that work towards those company objectives. The article then moves on to discuss other practices such as “monitoring progress,” “staying focused,” and “feedback”.
Betterworks is a company who provides a platform for managing collaborative goals, strategic plans, and continuous performance management driven solutions. As previously discussed, OKR is one of the services offered by the company. Founded in 2014, the company is headquartered in Redwood City, California. In addition, the company also has an office located in New York.
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