MindMap Gallery The Beginner Guide to OKR
A mind map about the beginner guide to okr .
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A simplified mind map about the psychology in pre-scientific stage. Pre-scientific psychology refers to the early philosophical and theoretical explorations of the human mind and behavior that laid the foundation for the development of modern psychology. You can easily create your own mind map like this this with EdrawMind.
This is a mind map about "Wholesaling Lease Options Joe McCall".
This is a mind map about Thesis Map.
The Beginner’s Guide to OKR - Reading notes
The goal
to ensure everyone is going in the same direction, with clear priorities, in a constant rhythm
The Components
Doerr’s Goal Formula
I will ________ as measured by ____________.
1) what you will achieve 2) how you are going to measure its achievement
The structure
I will (Objective) as measured by (this set of Key Results)
The Objectives
memorable qualitative descriptions of what you want to achieve
short
simple
ease to memorise
inspirational
engaging
not boring
motivate and challenge the Team
no number
The Key Results
a set of metrics that measure your progress towards the Objective
quantitative
number
measurable
The Key Results model
If we are successful with ________, we will have more ________ and/or less __________
Activity-based Key Results
start with verbs such as
launch, create, develop, deliver, build, make, implement, define, release, test, prepare and plan
Value-based Key Results
Increase/Reduce ABC-metric from X to Y
X is the baseline (where we begin)
Y is the target (what we want to achieve)
separate the OKRs from the activities/tasks that we plan on doing to achieve the OKRs
The initiatives
What we are going to do to reach our OKR: projects, tasks or activities
The Core concepts
AGILE GOALS
using shorter goal cycles, adapt and respond to change
SIMPLICITY
easy to understand
set goals
lightweight process
invest resources in achieving the goals, not on setting
TRANSPARENCY
to create alignment in the organization
OKRs are public to all company levels
NESTED CADENCES
annual
a strategic cadence with high-level, longer term OKRs for the company
quarterly
a tactical cadence with shorter term OKRs
tactical OKRs for the teams, with a mid-quarter review
weekly
an operational cadence for OKR tracking results and initiatives
for tracking results
Tracking Results with the Weekly Check-in
BIDIRECTIONAL GOAL SETTING
OKRs do not cascade
a market-based approach that is simultaneously bottom-up and top-down
AMBITIOUS GOALS: MOONSHOTS AND STRETCH GOALS
average you should achieve only 60-70% of them
Use the stretching analogy
Take you out of your comfort zone;
Make you go after targets that you think you can’t reach (at least not yet);
Make you achieve things you couldn’t do before;
Should be hard but not as hard as to harm (or demotivate) you.
DECOUPLING REWARDS
OKR is a management tool, not an employee evaluation tool
ADOPTING OKR
Adopting OKR is a journey, not an event
The common mistakes
Using OKR as a task list
Including tasks as Key Results
Setting too many OKRs or Key Results
Not aligning your OKRs
Set it and Forget it
Setting non-measurable Key Results
Setting OKRs top-down
OKRs do not cascade
Creating OKRs in silos
Including OKRs in a compensation formula
Trying to copy Google blindly
Tips for writing good OKRs
For Objectives
Fit the culture
informal and fun
use slangs, internal jokes and even profanity
For Key Results
Value based
Separate metrics from initiatives
OKR Cheat Sheet
https://felipecastro.com/resource/CheatSheet_EN.pdf
The benefits
Agility
faster adjustments
better adaptation to change
increasing innovation
reducing risks and waste
Alignment and cross-functional cooperation
improve collaboration
solve interdependencies
unify competing initiatives
Reduced time and resources for setting goals
Clear communication
understand the goal
prioritization
Employee engagement
each individual can contribute
connects the employees with the company’s objectives
increasing engagement
Autonomy and accountability
free to choose how to achieve OKRs
responsibility
Focus and discipline
Bolder goals
set ambitious, challenging goals
The Typical OKR Cycle
Describes a model to create a more refined and execution-ready strategy
The executive team then validates the company OKRs, gathering feedback from the team
Teams develop their Tactical OKRs using the bidirectional approach described above
Teams map interdependencies and ensure alignment with other teams and initiatives.
For companies using quarterly OKRs, it is common to review the OKRs halfway down the quarter during a mid-term OKR review
Teams have weekly check-ins to track results and initiatives
CI
OKRs that haven’t been achieved in the previous cycle are re-evaluated
included in the next quarter or discarded