Unleashing the Power of OKR's Hidden Gem for Unprecedented Growth
Summary of my bookmarked links from Apr 1st, 2023
- The forgotten cousin of OKR that could make it 10x better
OKR (Objective-Key Results) is a popular framework for goal-setting, but it has its limitations. The author suggests an alternative called Balanced Scorecard, which divides a company's goals into four quadrants: Finance, Customers, Internal Business Processes, and Learning and Growth. This approach addresses the author's concerns with OKR by ensuring alignment with company goals, maintaining focus, and improving team effectiveness. The Balanced Scorecard provides a systematic way to translate company objectives into team-level OKRs. The author encourages exploring this framework and adapting it to suit your business model, noting its potential for improving alignment in companies.