To KPI or to OKR? That is the question. Actually, it's not the question. The great OKR vs. KPI debate ends now! As you'll see below, both OKRs and KPIs are essential in Product Management. In this article, we'll explain what OKRs and KPIs are, the difference between ...
Key performance indicator (KPI):It’s a quantifiable metric to track and evaluate progress toward a specific business objective.KPI differs from OKRin that it refers only to a metric to measure performance, whereas OKR is an entire goal-tracking framework SWOT Analysis:This is a strategic plannin...
OKR, which stands for “objectives and key results,” is a framework organizations use to set goals and plan how they will meet them. Objectives are detailed achievements or aspirations, and key results are the specific tasks employees must complete to reach their objectives. OKR Definition Object...
KPIs are related toobjectives and key results (OKRs)but they are not the same thing. Whereas KPIs are individual metrics that track your company performance, the purpose of an OKR is to act as a strategic framework for the business. KPIs can certainly feed into your OKRs; the objectives in...
This is a collaborative process popularized by companies like Google and Intel but has been adopted by companies of all sizes and in all industries. Visual learner? Check out our OKR Explained Video. Pros: Rather than being top-down like MBOs, OKRs are more collaborative and transparent. The ...
OKR vs. KPI How To Determine KPIs KPI Examples How To Measure KPIs What is a KPI? KPI is an acronym for key performance indicator. KPIs measure performance and progress toward a specific goal over time. They help keep the primary goals of a business at the forefront. ...
What are the different KPI frameworks and approaches? In no particular order, here are some common KPI frameworks used by different businesses. You’ll see straight away there is a lot of overlap. That’s because, on some level, they are all trying to provide answers to the same questions...
As in the Twitter example above, quantity is mentioned in each key result. “Per day” is also setting a specific and direct time goal. We will examine one more OKR later that will set other key results with clear times. Mentioning that DMs should increase or that posts per day should ...
The OKR formula John Doerr’s formula is a great place to start. “I will accomplish ‘X’ Objective as Measured by ‘Y’ Key Result.” This helps with the process of choosing your company’s top objectives and deciding how progress towards them should be measured. TheOKR processdepends he...
Remember: KPI stands for key performance indicators. There may be a variety of metrics or indicators that impact your ultimate goal. Creating the right KPI is about capturing the most important details and making sure you’re tracking those metrics. Not every task or project needs to have an ...