WHO USES OKR?

OKR CHEAT SHEET Objective (Ideally 1) Key Results (Ideally 3-5) Initiatives (> 1)

HOW DOES IT WORK? THE OKR OPERATING RHYTHM

1. Strategy review and discuss priorities before the next cycle
Alignment starts before end of quarter with informal priority
discussions.
OKR Alignment
2. Executive team lessons learned and set company OKR
Weekly OKR Quarterly OKR
Retrospective on last cycle and set OKR for quarter ahead. Check in
kick off Playback
3. Teams review company OKR, provide feedback &, set their OKR
Teams align to company OKR & capture dependencies on other teams. Teams set
OKR Execution
4. Monitor progress with weekly check-ins and a mid cycle review OKRs
Check progress weekly. Perform a deep review mid quarter.
5. Aim for 70% achievement across your Key Results Mid-cycle QUARTERLY Share & refine
Review Company OKR
Learn to excel, make it safe to fail. Target 70% achievement on average. OKR

THE BENEFITS OF OKR OKR Reset

• Alignment: Clarity on what’s most important right now. Survey Score, Retrospective &
• Impact focus: Moving past the todo list, focusing on the outcome. & Discuss Reset Company OKR

• Directional autonomy: Clear on the outcome, teams create their

own path to success. MISSION & NORTH STRATEGIC
STRATEGY
• Organisational learning: Regular reflection, adaptation & PURPOSE STAR OUTCOMES

improvement creates a smart thinking organisation.

SETTING OUTCOME FOCUS WITH YOUR

WHAT’S AN OBJECTIVE?
The Objective is the destination,
simply answering “What do we
want to do?”
• Inspirational
• Manageable outcomes
• Provides focus
• Action oriented
• Change, not maintain
• Time bound
Objectives act as a battle cry,
connecting work with purpose
Example:
Eg: Delight customers with an
incredible experience
WHAT’S A KEY RESULT?
CENTRIC KEY RESULTS WEEKLY CHECK-IN
The Key Results answers the question,
“How do we know we’re making OUTPUT - What we produce: Turn your team into a heat seeking
progress?” ● Physical product missile, constantly course
• Results based ● Digital product correcting to hit your target. Vote
• Aligned ● Artifacts on how confident you are that a
• Directly measurable Key Result will be achieved. Take
• Indicates progress OUTCOME - Leading indicator: action to lift the confidence.
• Challenging ● Behaviour
• Accountability clarity ● Satisfaction Scoring scale:
• Leading indicator ● Referral 1: High confidence the Key Result
● Lean process metrics will be achieved
Examples: 0.7: It’s likely we’ll achieve this Key
KR1: Increase weekly return customer RESULT - Lagging indirect impact: Result or get pretty close to it
from 10% to 40% ● Profits & sales 0.4: It will be a challenge to
KR2: Lift referral rate from 25% to 50% ● Market share achieve this Key Result
KR3: Customer satisfaction increases ● Throughput 0: It’s unlikely to be achieved
from 58 to 83

1300 405 556 | hello@skillfire.com.au | www.skillfire.com.au

 OKR DISSECTION
What we’re achieving Objective scope

OBJECTIVE

Become the #1 accounting provider for Small Business in San Francisco

KEY RESULTS HOW TO MEASURE INITIATIVES

KR1: Increase the reorder rate from 45% to 70% for Weekly order report 1. Subscription service
San Fran Small Business 2. Checkout CX

Current
state
KR Scope Understanding of Activities and projects
The Target how to measure separate from Key Results
measure state

Objectives Key Results

★ Inspirational ★ Results based
★ Manageable outcomes ★ Aligned
★ Provides focus ★ Directly measurable
★ Action oriented ★ Indicates progress
★ Change, not maintain ★ Challenging
★ Time bound ★ Accountability clarity
★ Leading indicator