🎯 OKR Cheat Sheet 🎯
A Comprehensive OKR Cheat Sheet
📜 Overview:
Objectives and Key Results (OKRs) provide a framework for setting and communicating goals and outcomes.
Born at Intel, popularized by Google, now used by many organizations to achieve alignment and engagement around measurable goals.
🌟 Objective (O): 🌟
🎯 Definition: Inspirational, qualitative, and broad description of what you want to achieve.
📅 Time Frame: Typically set quarterly or annually.
🧭 Guidance: Set 3-5 objectives at most to maintain focus.
🔑 Key Results (KR): 🔑
📊 Definition: Specific, quantitative outcomes that measure if the objective is met.
⚖️ Metrics: Should be quantifiable, measurable, and time-bound.
📈 Progress: Use a 0-100% scale or any other numerical value (e.g., 0 to 1M users).
🧭 Guidance: Set 2-5 KRs for each objective.
🚀 Benefits of OKRs: 🚀
🎯 Focus & Commitment: Prioritizes what matters most.
🤝 Alignment & Teamwork: Ensures everyone moves in the same direction.
📈 Tracking & Accountability: Regular check-ins and updates.
📢 Transparency: Everyone knows what's important and how they contribute.
💡 Encouraging Stretch Goals: Pursue ambitious and impactful goals.
🛠 How to Write Effective OKRs: 🛠
🔭 Visionary: Aim for significant impact.
🧐 Specific: Avoid vague language.
💪 Actionable: Start KRs with verbs.
📏 Measurable: Every KR should have a number.
⌛ Time-bound: OKRs have clear start and end dates.
🔄 OKR Cycle: 🔄
🎉 Launch: Communicate the new OKRs.
📆 Mid-cycle check-in: Review progress and recalibrate.
📊 End of cycle: Score the OKRs and reflect.
🔄 Rinse & Repeat: Start the cycle over with new learnings.
🚫 Common Pitfalls: 🚫
📜 Too many OKRs: Overwhelm and loss of focus.
📌 Setting easy OKRs: No stretch and ambition.
🤷 Neglecting them after setting: Lack of regular check-ins.
💯 Treating KRs as tasks: They should be outcomes, not tasks.
📉 Not being adaptable: Need to recalibrate if priorities shift.
💡 Tips: 💡
👥 Involve the team: OKRs should be collaborative.
📏 Balance ambition with realism: Aim high but stay grounded.
❤️ Keep it simple: Avoid jargon and complexity.
🔎 Review & Adjust: Regularly check and realign OKRs as needed.
📌 Examples of Great OKRs: 📌
Objective: 🚀 Boost User Engagement on Our Platform
KR1: 📈 Increase weekly active users by 25%.
KR2: 💌 Achieve a 15% increase in monthly user feedback submissions.
KR3: 📊 Reduce user churn rate by 10%.
Objective: 🌿 Improve Our Company's Environmental Footprint
KR1: 🍃 Reduce paper usage in the office by 50%.
KR2: 🚴♂️ Increase participation in our "bike to work" program by 20%.
KR3: ♻️ Launch 2 company-wide sustainability initiatives.
Objective: 🌐 Expand Our Brand Globally
KR1: 🏢 Open 3 new international offices.
KR2: 🗺 Increase website traffic from international visitors by 30%.
KR3: 🌏 Host 5 international brand awareness events.