Objectives and Key Results {OKR}

OKR means Objectives and Key Results in the performance management system.

It’s is a goal-setting framework to set measurable objectives and goals. OKR has been around since the 1970s. The concept was created by Andy Grove, but popularized by John Doerr, who was one of the earliest investors in Google.

John Doerr’s OKR concept is to set an objective which is “What I want to have accomplished” and the key results which are “How I am going to get it done”. Thus OKR method not only includes what is to be achieved but a way to measure the achievement. It empowers businesses to achieve goals faster. OKR and KPIs seem to be similar in PMS ( Performance Management System) but are not. KPI is the intention behind setting goals and OKR is more ambitious towards the defined goals