What is OKR? Everything you need to know about the OKR system and how to use it effectively

With its high applicability and simple legitimate process suitable for new development trends, OKR is widely used by many corporations and large enterprises in their management systems. But do you know what OKR is? Let’s find out with FPT Shop through the article below.

What is OKR?

OKR (short for Objectives and Key Results), is a term translated as Objectives and Key Results. OKR is viewed by managers as a management method that helps businesses to align specific objectives that have been set with the overall results of the organization.

What are the benefits of using the OKR tool for businesses?

To effectively implement the OKR measurement system, businesses need to have specific orientations for what the team needs to do. This management measurement system includes 2 elements: 1 objective – the goal that the business needs to achieve and 5 key results – these results must be specific and measurable to achieve the goal set by the business.

What makes the OKR measurement system stand out?

OKR will focus on internal connections within the organization, which is the benefit that the OKR tool is highly valued. In addition, another advantage of OKR is to ensure that everyone in the team is moving in the same direction, with priorities for each specific goal, creating a smooth workflow for the business, thereby improving efficiency in work quality.

The benefit of using OKR to evaluate results is to help employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

Specifically, OKR brings the following values to businesses:

• Restructure business strategy to manage work performance: OKR is the most accurate measurement tool that helps leaders set clear goals and take specific steps to shape and build strategies. In addition, many studies have shown that employee groups that apply OKR in work bring higher profitability and higher labor efficiency compared to groups that do not apply OKR. In fact, there are also many employees who hope that their company will use OKR to evaluate their work in the future.

• Positive impact on business culture renewal: The biggest benefit that OKR brings is its extremely powerful impact on the corporate culture, having a positive influence and promoting a shift in mindset from purely KPI-based evaluations to completing specific tasks at work. OKR is a highly professional tool that enhances the cohesion between businesses and their employees

• Cohesion: OKR is being chosen for use by many businesses because this measurement system not only ensures efficiency in the management process but also helps businesses create lasting cohesion between employees and the company itself. OKR is a management tool that affects the operation of the business, as well as helps employees see that their work is contributing to the organization’s development.

The benefits of using OKR to evaluate results is that it helps employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is that it helps employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is to help employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is that it helps employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is to help employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is to help employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.

The benefits of using OKR to evaluate results is to help employees in the company clearly identify which tasks to prioritize, so that they can devote all their efforts to specific, measurable goals, without being overwhelmed by tasks that do not bring value. This helps managers minimize some barriers in employee performance management. The completion rate of an OKR does not have to reach 100% in the short term. Achieving the majority of goals (about 70-80%) will be considered a success.