OKRs Flashcards
(23 cards)
What are the objectives in the OKR framework?
Qualitative, aspirational goals that define what you want to accomplish
What are key results in the OKR framework?
Quantifiable metrics that measure progress toward the objective (typically 3-5 per objective)
What is a best practice for writing effective objectives?
Make them inspiring and meaningful
What is the recommended length for objectives in OKRs?
Keep them concise (one sentence)
How many objectives should be limited to per quarter?
Limit to 3-5 objectives per quarter
What is a key aspect of crafting strong key results?
Make them specific and timebound
What should key results focus on?
Outcomes, not activities
What types of key results should be included?
Both committed (expected 1.0) and aspirational (expected 0.7) KRs
What is a common pitfall to avoid when setting OKRs?
Setting too many OKRs
What is the solution to avoid setting too many OKRs?
Ruthlessly prioritize
What is a common mistake in creating key results?
Creating activity-based key results
What is the solution to focus key results effectively?
Focus on outcomes and impact
What should be implemented to avoid abandoning OKRs mid-quarter?
Implement regular check-ins
Why should OKRs not be treated as a performance evaluation tool?
Separate OKRs from compensation decisions initially
What does CFRs stand for in the context of OKRs?
Conversations, Feedback, Recognition
What is the purpose of CFRs in relation to OKRs?
Complement OKRs with continuous performance management
What is a best practice for providing feedback in the OKR framework?
Provide timely, specific feedback
What is recommended for recognizing achievements in the OKR framework?
Recognize achievements publicly
What is the expected achievement percentage for stretch goals?
Set aspirational OKRs at 60-70% achievement expectation
What is the difference between moonshots and committed objectives?
Differentiate between moonshots and committed objectives
How should OKRs be used in relation to strategy?
Use OKRs to translate strategy into action
How often should company-level OKRs be revisited?
Annually
What should all OKRs support?
Strategic priorities
