Post by asadul4986 on Feb 20, 2024 4:41:49 GMT -5
The acronym OKR is the abbreviation for “Objectives and Key Results” which means “objectives and key results” in Portuguese, and is nothing more than a performance management methodology that was popularized by Google and is now used by many companies to set and achieve goals. With it, achieving more efficient and organized management has become something tangible for entrepreneurs, after all, as the name says, its intention is that, firstly, the main objectives of a project or business are outlined and then, decided which procedures will be applied to make them a reality. To boost your business, the importance of putting one or more OKRs into practice is undeniable, so find out more about the topic in this article! What is OKR? The origin and meaning of OKR date back to the 1980s, when the then CEO of Intel, the computer processor giant, Andrew Grove, gave birth to the procedure of organizing objectives and key results to simplify the execution of corporate projects in pursuit of business growth .
Concept map illustration with okr in the center and adjacent segments called objective, key result, target, focus and period Today, 40 years later, the method not only still works, but is used by companies of all sizes and even by market giants, such as Google – a supporter since 1990 –, Spotify, X, LinkedIn and several others! But what is so special about it and how does it impact the step-by-step process of managing a company ? That's what you discover next. How does the OKR methodology work? Companies that follow Costa Rica Mobile Number List the OKR methodology need to foresee a main goal for the business, for a company, for a specific project or similar, and determine what the keys will be for the objective to be achieved. Often, many of them apply the method to improve customer service or results as a whole, increase team unity and encourage action and application of ideas. In “OKR”: objectives are broad and qualitative goals, which describe what you want to achieve; It is Key results are measurable indicators that show how objectives are being achieved. While each goal should be inspiring, motivating and challenging, each also needs to have at least 3 to 5 key results.
See examples in the next topic. Types and examples of OKRs There are two types of OKR: tactical, which is usually designed for teams and has a shorter completion period, and strategic, whose actions are applied for longer periods, generally by companies that need to stand out in projects that take time to develop. accomplish. Knowing this, check out some models that can be adapted to either one format or another – and according to the needs you have out there! Example 01 Objective (O): Increase customer satisfaction Result (KR) 1: Increase retention rate by 20% Result (KR) 2: Launch a satisfaction survey and achieve an average score of 4.5 Result (KR) 3: reduce response time to less than 24 hours Example 02 Objective: increase the company's revenue KR 1: increase the average ticket for the service or product by 15% KR 2: increase the repurchase rate by 20% KR 3: increase the generation of qualified leads by 40% in a period Example 03 Objective: reinforce the brand's authority in the market KR 1: rank first in the Google search list for a specific keyword KR 2: have 20% of the market share by the end of the established period KR 3: achieve excellence in customer satisfaction survey indexes “All right, but what steps should be taken to make these models a reality and, who knows, surpass the competition ?” Continue on in this article and find out more.
Concept map illustration with okr in the center and adjacent segments called objective, key result, target, focus and period Today, 40 years later, the method not only still works, but is used by companies of all sizes and even by market giants, such as Google – a supporter since 1990 –, Spotify, X, LinkedIn and several others! But what is so special about it and how does it impact the step-by-step process of managing a company ? That's what you discover next. How does the OKR methodology work? Companies that follow Costa Rica Mobile Number List the OKR methodology need to foresee a main goal for the business, for a company, for a specific project or similar, and determine what the keys will be for the objective to be achieved. Often, many of them apply the method to improve customer service or results as a whole, increase team unity and encourage action and application of ideas. In “OKR”: objectives are broad and qualitative goals, which describe what you want to achieve; It is Key results are measurable indicators that show how objectives are being achieved. While each goal should be inspiring, motivating and challenging, each also needs to have at least 3 to 5 key results.
See examples in the next topic. Types and examples of OKRs There are two types of OKR: tactical, which is usually designed for teams and has a shorter completion period, and strategic, whose actions are applied for longer periods, generally by companies that need to stand out in projects that take time to develop. accomplish. Knowing this, check out some models that can be adapted to either one format or another – and according to the needs you have out there! Example 01 Objective (O): Increase customer satisfaction Result (KR) 1: Increase retention rate by 20% Result (KR) 2: Launch a satisfaction survey and achieve an average score of 4.5 Result (KR) 3: reduce response time to less than 24 hours Example 02 Objective: increase the company's revenue KR 1: increase the average ticket for the service or product by 15% KR 2: increase the repurchase rate by 20% KR 3: increase the generation of qualified leads by 40% in a period Example 03 Objective: reinforce the brand's authority in the market KR 1: rank first in the Google search list for a specific keyword KR 2: have 20% of the market share by the end of the established period KR 3: achieve excellence in customer satisfaction survey indexes “All right, but what steps should be taken to make these models a reality and, who knows, surpass the competition ?” Continue on in this article and find out more.