This is a goal setting methodology from Silicon Valley.
Instead of writing up a list of initiatives as goals, we define carefully what success looks like. This simple idea will change the way you think about everything you do.
Objective (O): Description of the change you want to see.
Key Results (KRs): Specific evidence that this change has taken place.
credits OKRs for the 10X growth.
Bring clarity to your objectives by taking this step-by-step training on how to write an OKR (Objectives and Key Results).
This doesn't happen often. Herons put a lot of thought in defining where they want to go when setting their OKRs. The circumstances may change—things happen!—but where we want to go doesn't change.
A Key Performance Indicator tells you how your business is doing. They don't change over time. For example, revenue is a common KPI. Sometimes KPIs can be used as part of an OKR.