Technology China Jinsu Insight: In the information age, we are more inclined to use KPIs to set corporate goals, and in the digital era, more and more enterprises use OKRs (high-tech companies, large enterprises, small startups).
Since 2020, the business of many OKR management software has grown rapidly. Probably the most beautiful in recent times is Allyio。The Seattle-based company, which was founded in 2018, announced in February that it had closed a $50 million Series C funding round — a growth rate and scale that's staggering for a B2B SaaS company.
OKR (Objectives and Key Results) is a set of management tools and methods to clarify and track goals and their completion, invented by Andy Grove, the founder of Intel Corporation.
The main goal of an OKR is to define the "goals" of the company and the team and the measurable "key results" that each goal achieves. A book on OKR defines OKR as "an important framework of thinking and an evolving discipline designed to ensure that employees work together and focus on making measurable contributions." ”
OKRs are characterized by being focused, streamlined, and explicit. An OKR usually has no more than 6 goals, and each goal has no more than 4 key results. This ensures that the team can focus on the most important goals rather than distracting them. At the same time, OKRs also emphasize measurability, and each key result should have clear data or criteria to measure its completion.
In the process of implementing OKRs, it is often necessary to set the overall goals of the company first, and then break them down into goals for individual teams and individuals. Each team and individual needs to develop key results based on their own goals and regularly check and update progress. In this way, OKRs help teams stay aligned and ensure that everyone is working in the same direction, while also being able to identify and resolve issues in a timely manner to ensure that goals are met.
OKR is a very effective goal management tool that can help teams clarify goals, maintain alignment, and improve execution and innovation. At the same time, it can also stimulate the motivation and motivation of team members, so that they can work more and contribute more to the development of the company.