Video: Startup Lab workshop: How Google sets goals: OKRs
https://www.youtube.comwatch?v=mJB83EZtAjc
Book: In the plex - Steven Levy (about the beginning of google)
eg. OKR gmail launch by September have 1M users by November
it sanctions the ability to take risks
public knowledge everyone’s OKRs are public in the company cf job description history of OKRs + grades
how to connect - individual - team - company
eg. Football team
or for defensive team have a net positive takaway less interceptions and fumbles than other team
- impose discipline on org
- helps me indiv understand what im working on and why
- conscious descision what not working on
- public -> everyone can see exactly what working on
-by writing OKRs that are measurable, you are establishing how you’re gonna measure, what you are working on
- negotiate what KeyResults will be
Quarter = 12 weeks
if 12 OKRs, then only 1 week per OKR
mentally draining (juggling, keep track)
“more than half from the company’s objectives should be coming from bottom up” -> motivation
not evaluation -> OKRs are not a standard element of the annual performance evaluation (summary what I did, what means for company, whether I want promotion) OKRs not factored in
target: .6 / .7 consistent 1 = sandbagging < .4 = missed entirely -> reevaluate if you wanna keep working on that objective
Objective
going in, you should feel unsure you can achieve it
Sample OKRs
over organic growth!
-> did I move the needle?
Objective score = avg
goal: provide feedback to
- individual
- group
- company
“grades don’t matter, except as directional indicators of how you’re doing”
“if you’re spending more than a few minutes, at the end of a quarter, summarising your grades, then you’re doing something wrong”
work should go into delivering, not grading them
solely on my shoulders, so much easier to deliver on
high scores (.8 - 1.0) are possible, but unlikely be proud, share
converse is more important to focus on (.4 and below) it is not failure this is DATA -> figure out what to stop doing what did you learn, not know, that prevented you from delivering LEARNING
communcation not a half hearted attempt
Q&A watch out for over-meeting!