OKR Results Measurement
Second generation to
measure performance and achieve goals
Today's successful
companies rely on setting the goals and measuring their performance
continuously, towards modifying the course and making appropriate management
decisions. KPIs are important steps in tracking the most important business
indicators and thus fulfilling the wishes and needs of corporate stakeholders.
Management has evolved in the past few years by applying more important and
comprehensive systems, which in turn contribute to achieving the best results
and achieving the most outstanding achievements in accordance with the highest
standards and actions taken. After that, the OKR system was founded, which can
be considered the second generation of performance measurement generations in
the institutional process, is based on two main themes: Objective goal setting
and Key Results. In this regard, EXCPR CO Consulting and Business Management
says its role in this aspect educates the local and GCC markets about the
importance of achieving the most prominent results and reducing the level of
waste in production sources, especially at such times when it is necessary to
achieve the best results at the lowest possible cost. We are in the advanced
stages of global changes that began with the COVID-19 crisis that crippled the
economy, and soon came the crisis between Russia-Ukraine, which led to the
movement of transport and the disposal of goods. EXCPR CO adds that many
organizations are suffering from the loss of the compass of direction in order
to achieve the highest results, with large sources of production seeking to
exploit them further. The development and formulation of the organization's
objectives is important and sensitive, but without measures to read and track
the results will be considered influential. The formulation of this system is
therefore based on the following method: "We will achieve (the goal) by
measuring each of the (key results)," described below:
OBJECTIVE
Organizations are
based on determining the reason behind their existence, which mission's
represents. The institutional process is then based on setting general
objectives and highlighting what needs to be achieved in the future. In this
regard, the reasons and motives for making those goals an end and an important
one should be known at the outset, and that failure to choose them would have
the greatest cost in the work. These objectives should also create some kind of
progress and development in the competing sector, and achieve the desire of the
employees of the organization to work towards it, such as raising the market
share of the company for competing companies, opening external branches of the
company and in competitive markets, or accompanying the market value of the
company after gaining the confidence of more investors and businessmen, etc. In
addition, it must be emphasized that the goals are competitive and difficult to
achieve, in order to create a kind of thoughtful challenge to stay in the
running and achieve the best goals.
KEY RESULTS
It is a term on the metrics or stations through which it will pass in the direction of achieving those general objectives. Once the most important general targets for the new year have been selected, the main results should have a range of characteristics, such as being specific, which can be measured by a general indicator, accessible and achieved, necessarily leading to the overall goal, that are difficult to reach for the continuation of the work. OKR's main results can also be seen as the main supporter and supporter of goals and their rapid achievement. The more key outcome elements of the target are prepared, the easier it will be to achieve those goals and thus achieve the highest returns.
PLANNING
It is the daily
business that will focus on achieving the overall goals.
Example:
Finally, EXCPR CO said
that the more key results of each of the company's objectives are built, the
more it will enhance its executive management's ability to achieve its goals.
By achieving as many of those key results as possible, this will contribute to
achieving the goals quickly. The company adds that the conviction of
individuals in the goals set by the company is the distinguishing mark of this
modern management tool, which ignites the passion of the members of the group
to reach the desired results.
Consultancy
& Business Management
Business
and More
P.O.
BOX 21407 – SAFAT 13075 KUWAIT
SHARQ I
AHMED ALJABER STREET I ALMISBA TOWER
I 2ND FLOOR I
OFFICE NO. 2
Tel:
+965 600-EXCPR (600-39277)
Website:
www.excpr.com
Email:
info@excpr.com
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