OKRs Demystified: Understanding The Buzz to Help Startups & SMEs
The OKR framework is now widely used to set and track organisational goals. It’s a best practice in many industries, embraced by numerous companies.
There is no industry in today’s time that the fuss about OKRs has not impacted, as it has brought huge success and growth to businesses of all sizes and industries. It serves as a clear and simple framework for setting and tracking goals, making it easier for your organizations to align their efforts and measure progress. OKRs enable you to ensure that your teams’ efforts remain on what matters most and that everyone is working towards the same goals.
Another reason for the popularity of OKRs is that they are highly flexible and can be adapted to suit the needs of any organization. Whether a company is small or large or operates in a rapidly changing or stable industry, OKRs can be customized to meet its specific needs.OKRs also have the advantage of being easy to communicate and understand, making it possible for everyone in an organization to be aware of the company’s goals and progress toward achieving them. This helps to build a sense of shared purpose and accountability, which is important for the success of any organization.
But what exactly are OKRs? How do they work? And could they be successful for your company? Let us further…