OKRs vs. KPIs
OKRs vs. KPIs: How to Measure Performance Effectively
Original post below:
Struggling to track progress or measure success?
The difference between Objectives and Key Results and Key Performance Indicators could change everything.
Here’s a breakdown:
OKRs:
➨ Goal-setting framework for ambitious, measurable results.
➨ Encourages strategic thinking and alignment.
➨ Fosters a culture of innovation and accountability.
KPIs:
➨ Metrics to evaluate the success of a specific activity or overall performance.
➨ Clarifies organizational performance standards.
➨ Supports informed decision-making.
How to Guide for OKRs:
Step 1: Understand your strategic goals.
Step 2: Develop 3-5 ambitious, qualitative objectives.
Step 3: Communicate and cascade OKRs across teams.
Step 4: Regularly assess progress and align with KPIs.
How to Guide for KPIs:
Step 1: Define clear objectives.
Step 2: Select relevant indicators that reflect progress.
Step 3: Set targets for each KPI.
Step 4: Regularly track, review, and adjust.
