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How do you turn vision into reality?
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In today’s email (649 Words | 2 Min 41 Sec read):
TODAY’S READ
What it’s about
Measure What Matters by John Doerr is a guide to the OKR (Objectives and Key Results) goal-setting system. The book explains how to define objectives (what we want to achieve) and key results (how we will achieve it). Doerr learned about OKRs at Intel and later introduced them to other companies, including Google. The book includes case studies showing how various companies have successfully implemented OKRs. In essence, it’s a manual for enhancing organizational performance and achieving success through OKRs. The book provides a comprehensive understanding of OKRs, their implementation, and their transformative power in driving performance and success in any organization. It highlights the importance of clear, aligned, and ambitious goals. Get the book here.
TAKEAWAYS
Four Superpowers of OKR: OKR has four superpowers that are:
Focusing on priorities and committing to them.
Ability to align and connect employees’ individual goals to the company’s overall goals.
Continuous reassessment.
Breaking barriers and excelling.
Progress Cannot Exist Without Progress: To achieve progress, we must continually strive to improve and excel. Sometimes, setting challenging goals is necessary to push employees to new heights.
Communication Is The Key: Clear communication among team members about the set objectives and the key results to be accomplished is crucial for success. Managers and employees must work together to achieve success.
The Value of Goals: Goals provide a sense of direction and a path to work on. Accomplishing goals helps the entire team track their progress, which keeps them motivated. When employees feel motivated and experience job satisfaction, there will be more retention and less employee turnover rate.
Continuous Performance Management: OKRs and CFRs (Conversations, Feedback, and Recognition) are essential for continuous performance management.
Fostering Healthy Values: The book also emphasizes the importance of maintaining a strong and healthy workplace culture.
