OKRs give businesses a way to set and communicate important goals across the organization. They keep information organized, while providing clarity and direction in a transparent and focused manner.
- Keep goals front and center. OKRs make sure important goals are at the forefront of employees day-to-day work. Because goals are aligned across teams, it’s easy to roll progress up at every level, to maintain a clear picture on where things are progressing, and where they are falling behind.
- Brings focus. They provide direction and keep everyone focused, to eliminate distractions, so the work that matters is always a priority. There is never any guessing to what employees should be working on each week, or quarter, enabling them to achieve more, and drive greater impact.
- Drives engagement. Because OKRs use a mix of top-down and bottoms up alignment, employees work to set many of their own goals which keeps contributors engaged.
- Enables better decision making. OKRs give insight into the specific wins and losses of teams, and individuals, enabling them to adjust and refine targets for a clearer plan and better results in the future. Due to the nature of OKR transparency, senior leadership is always aware of where the company is, where additional attention is needed, and what can be expected at the end of the quarter.
- Drives company-wide alignment. By teams working together, towards the same goals, companies are able to achieve greater impact, and move the company forward much faster.
- Provides flexible execution. OKRs are meant to be iterative and adapt when change in business happens. By using a weekly check-in cadence, the progress of goals are assessed on a regular basis. This enables proactive management of company-wide progress, and any problems that may surface that pose risk to the achievement of those goals. If priorities change, or goals become at risk, the use of OKRs make it easy to adjust and re-calibrate.
- Efficiency. Setting up OKRs with each team every quarter lays out a battle plan that requires less time on weekly follow-ups and progress reporting. When managers have on-going visibility into the progress of their team’s goals, less time is spent in meetings, and more time on the work that needs to be done.
- Enables autonomy. By decentralizing the accountability of each key result, each team member has a greater stake in the overall team objectives. This keeps a team motivated to succeed and aligns everyone with the goals of the business. It empowers individuals, by aligning their unique contributions to the overall plans of the organizations. At any point in time, everyone across the company can see how their work makes an impact.
Interested in learning more ways OKRs boost organization performance, download 14 Reasons Why Prominent Brands Rely on OKRs