Objective Key Results (OKRs) is an innovative management tool that aligns vision and work of the entire team including the leaders. Primarily OKRs define a specific goal to employees and set standards or key results that will portray your progress. Also they are not one-time tips and tricks, but something that involves a strong commitment.
They are not just a set of to-do list for employees. They are specific, clear and provide a bigger picture of what is expected of them. Our mentor Vidya explains how OKRs are inclusive and everybody in the organisation is part of them. Hence they act as accountability and transparency tools too.
Are OKRs replacing review systems and other employee evaluations? Are OKRs easy to implement in start-ups than well established entities? What is the failure rate of this strategy? How to identify a champion for each Key Result in different departments? How to score and measure these Key Results?
In this video Vidya Santhanam illustrates us what, why, when, how and much more about Objective key results. She is co-founder of Fitbots, a SAAS platform for performance management and engagement check-ins. Vidya believes in scaling not only team and their mindsets but also oneself. Moreover she has huge corporate experience in performance management and recognition practices.