Measure What Matters
Do you know what #OKR stands for? You should, as implementing it can revolutionize the way your company and employees make steady #improvements.
In the early '70s, Andy Grove - Intel's third employee and a once-destitute Hungarian refugee - was living the American dream. He evolved the concept of #MBO (Manage By Objectives) to the next level, implementing company-wide what are now known as #OKRs (Objectives and Key Results). Intel was experiencing rapid #growth and success, having just designed and begun manufacturing the first DRAM chip, which would spur another big revolution in what was becoming Silicon Valley. Grove would eventually become Intel's president and #COO, running the company for most of the following two decades. While many people know of Intel's co-founders, Moore and Noyce, Grove's legacy is arguably even stronger, as he helped transition the company from the DRAM business to the CPU one in the early '80s when competition from the east was untenable. Today, the #OKR #management tool is still widely adopted by many companies, from small startups to tech giants like Google. By providing a clear framework for setting and achieving #objectives, #OKRs can help increase #productivity, #alignment, and #focus within organizations.
Interested in learning how implementing Objectives and Key Results (#OKRs) can benefit your company? Check out "Measure What Matters" by John Doerr.
Are you currently using #OKRs in your company or are you still utilizing traditional Management by Objectives (#MBOs) or have no formal progress plan in place? Let me know in the comments below.