Objectives and Key Results (OKRs) are a goal-setting framework used by many successful organizations to define and track objectives and their outcomes. OKRs are essential tools for business leaders to align their teams, set clear goals, and measure progress. They consist of two main components:
Objectives: These are the significant, overarching goals that an organization or team aims to achieve. They should be ambitious, qualitative, and time-bound. Key Results: These are specific, measurable outcomes that indicate the progress towards achieving the objective. They should be quantitative and typically include metrics and targets.