{"id":87435,"date":"2022-02-23T17:02:57","date_gmt":"2022-02-23T16:02:57","guid":{"rendered":"https:\/\/www.leaders21.com\/?p=87435"},"modified":"2024-01-31T12:52:10","modified_gmt":"2024-01-31T11:52:10","slug":"okrs-agile-goal-setting","status":"publish","type":"post","link":"https:\/\/www.leaders21.com\/en\/blog\/okrs-agile-goal-setting\/","title":{"rendered":"OKRs: Agile management and goal-setting made easy"},"content":{"rendered":"

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The vortex of change<\/b><\/h3>\n

Change is happening faster and faster\u2014and it\u2019s been that way even before a bowl of bat soup at the market in Wuhan changed the way our entire world works.<\/span><\/p>\n

Let\u2019s take a look at some statistics to illustrate at which incredible speed trends are forming, markets are changing, and companies are facing always new challenges. While it took 7 years for the internet to reach 50 million users, the famous smartphone game, Pok\u00e9mon-Go, reached the same number of users within the incredible timespan of just 19 days.<\/span><\/p>\n

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Source: <\/span>https:\/\/www.visualcapitalist.com\/how-long-does-it-take-to-hit-50-million-users\/<\/span><\/a><\/p>\n

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This crazy speed leads companies to face new challenges over and over while making traditional, long-term planning a task ranging between difficult and impossible. So, how can companies face this <\/span>uncertainty<\/span><\/a> without sliding into the vortex of change and ending up in chaos? The answer is: OKRs!<\/span><\/p>\n

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What exactly are OKRs?<\/b><\/h3>\n

OKRs are <\/span>the<\/i><\/b> agile management method par excellence. <\/b>The acronym stands for \u201cObjectives and Key Results,\u201d and the method\u2019s biggest advantage is that it offers companies a framework for making decisions in a <\/span>logical, pragmatic and fact-based <\/b>manner while enabling them to <\/span>act on short notice as well as flexibly<\/b>. The basic idea here is that in today\u2019s complex, dynamic world those companies which are able to focus on their pivotal, value-creating tasks will be the most successful. OKR mastermind <\/span>Andy Grove<\/span><\/a> aptly put it into words: <\/span>\u201cIf you focus on everything, you focus on nothing.\u201d<\/b><\/p>\n

Rather than contradicting a company\u2019s long-term vision and strategy, OKRs perfectly complement them. They enable an organization to prioritize and align all activities on an operational level to <\/span>make sure they best support that vision and strategy<\/b>.<\/span><\/p>\n

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Source: Leaders21 OKR Handbook EN<\/span><\/p>\n

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OKRs are for start-ups only \u2026 aren\u2019t they?<\/b><\/h3>\n

The success story of the OKR method is often associated with big digital players like Google, Twitter, or Spotify. Why? Because their industries are especially prone to frequent change and characterized by disruptions, which is why the ability to act fast is a critical success factor.<\/span><\/p>\n

Whether working with OKRs makes sense or not for a specific organization isn\u2019t determined by its line of business, size, or industry, but only by the company\u2019s <\/span>mindset<\/b>. The success of this method depends solely on the fact that every single employee understands exactly which role they play within the organization and their ability to interpret this role correspondingly.<\/span><\/p>\n

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Framework conditions\u2014how to be successful with OKRs<\/b><\/b><\/h3>\n