Most employees are familiar with some form of goal setting frameworks, such as Objectives and Key Results (OKRs) and performance metrics, such as Key Performance Indicators (KPIs). This topic looks at some of the pros and cons of these approaches and asks you to explore balancing the essential components with the ideal… or the impossible. When applied effectively and with some flexibility, these can be powerful tools to support your organization’s overall strategic focus. Creating powerful objectives and tracking progress will help your employees act on the most important things.
Discuss your challenges with these systems, when to re-evaluate, and the importance of trial and error in getting the “right” KPIs and OKRs to best inspire and reflect your progress.
The objectives of this topic are to:
- Understand the pros and cons of using KPIs and OKRs;
- Help each other to create effective KPIs and OKRs;
- Appreciate the necessity for flexibility in applying these tools.