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DownloadTo achieve goals, you need to articulate them, track and measure progress and reassess regularly. All this can be done with one goal-setting strategy – Objectives and Key Results (OKRs), used by Bill Gates, Larry Page, Mark Cuban, Bono and other prominent business and philanthropy leaders. Our Objectives & Key Results (Part 2) presentation breaks down the nuts and bolts of the OKRs and were developed to be your loyal guides in ambitious goal-setting and meticulous, effective execution.
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DownloadExplain the difference between aspirational and operational OKRs. A committed OKR can be "delivering improvement to an infrastructure by a set date" and aspirational OKRs can be goals with unimaginable business outcomes.
Use this slide to go over specific OKRs for different departments or even teams and individuals within your organization. Remember that before setting OKRs across departments, you need to define your organization-wide OKRs first.
OKRs can be used in any aspect of your life: from business management to fitness journeys, but what exactly do they do? John Doerr – a venture capitalist and the author of Measure What Matters,explains the purpose of OKR in three simple bullet points:
Alphabet CEO and Google co-founder, Larry Page, wrote in Doerr's Measure What Matters:"As much as I hate process, good ideas with great execution are how you make magic. And that's where OKRs come in, OKRs have helped lead us to 10x growth, many times over. They've helped make our crazily bold mission of 'organizing the world's information' perhaps even achievable. They've kept me and the rest of the company on time and on track when it mattered the most."[/test]
Companies that already have an established sense of their mission, sometimes, do not respond well to new management ideas. This is exactly what Rose Kuo, Senior Technical Project Manager at TED Conferences, had to deal with when she introduced OKRs to the TED team.
As a result, TED's chief, Anderson, utilized OMGs to forge "the next version of TED." One of the greatest examples of OKRs implementation is TED's top-level objective of identifying and helping to scale climate solutions. This objective led to the partnership with the leader of the United Nations Framework Convention on Climate Change. In other words, what started as a way to change TED's OKRs, led to an effort to save the planet. The Little Prince would be proud, Kuo says.
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