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Plan and Execute for Success with Objectives and Key Results

Venture Strategist #innovation #growth #strategy #execution à The Scaleup Project
17 Apr 2021
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Plan and Execute for Success with Objectives and Key Results

  1. Plan and Execute for Success with the OKR Method Objectives and Key Results Davender Gupta, MS, MBA, DTM davender@davender.com April 2021 1 ©2021 Davender Gupta. All rightrs reserved
  2. What were your New Years Resolutions? ©2021 Davender Gupta. All rightrs reserved
  3. So… how’d that turn out? ©2021 Davender Gupta. All rightrs reserved
  4. Why we set goals Direct focus Measure progress Manage resources ©2021 Davender Gupta. All rightrs reserved
  5. SMART Goals https://www.perdoo.com/resources/okr-vs-smart-goals/ ©2021 Davender Gupta. All rightrs reserved
  6. SMART Goals Clear Focused Structured ©2021 Davender Gupta. All rightrs reserved
  7. Can SMART Goals survive… ©2021 Davender Gupta. All rightrs reserved
  8. … in a hostile and unpredictable environment ©2021 Davender Gupta. All rightrs reserved
  9. What if you cannot predict the future? • Environment is in flux • Unvalidated assumptions • You can’t count on the past to plan the future When everything is unpredictable – are SMART goals really smart? ©2021 Davender Gupta. All rightrs reserved
  10. Instead of « goals », consider « objectives » • What is a significant change you want to create? • How will you know you have arrived? ©2021 Davender Gupta. All rightrs reserved
  11. Instead of controlling the future, choose it… ©2021 Davender Gupta. All rightrs reserved
  12. When you reach the end date, is the goal still relevant? ©2021 Davender Gupta. All rightrs reserved
  13. THE MAIN THING IS TO KEEP THE MAIN THING THE MAIN THING. - Stephen Covey ©2021 Davender Gupta. All rightrs reserved
  14. Objectives and Key Results Andy Grove – Intel John Doerr – VC, Google MEASURE WHAT MATTERS ©2021 Davender Gupta. All rightrs reserved
  15. Objectives and Key Results OBJECTIVE Where do we want to go? Why? KEY RESULTS How will we know we have arrived? ACTION What actions do we need to take to get there? ©2021 Davender Gupta. All rightrs reserved
  16. OKR Advantages ENGAGEMENT FOCUS AGILITY ACTION TRANSPARENCY ©2021 Davender Gupta. All rightrs reserved
  17. Objectives and Key Results 1.Choose an area of focus 2.Choose a target date ©2021 Davender Gupta. All rightrs reserved
  18. Question 1 • What is a significant and inspiring change you want to see between now and the target date? Describe this change in a QUALITATIVE way ©2021 Davender Gupta. All rightrs reserved
  19. How does this change add value? How does change inspire you? Find Your Why ©2021 Davender Gupta. All rightrs reserved
  20. Your OBJECTIVE A significant and inspiring change which adds value ©2021 Davender Gupta. All rightrs reserved
  21. Question 2 How can you MEASURE that you have succeeded in making this change? • List three to five quantitative metrics that are the RESULTS of your actions (not your actions) 21 ©2021 Davender Gupta. All rightrs reserved
  22. For each metric, assign a level of difficulty 22 « green » (achievable with a normal effort) « yellow » (achievable with a focused effort) « red » (very ambitious, a moonshot) ©2021 Davender Gupta. All rightrs reserved
  23. For your metrics that are « green », how can you plus them so that they are at least « yellow »? 23 ©2021 Davender Gupta. All rightrs reserved
  24. Key Results No more than one KR should be « green » ou « red ». From your list of metrics, choose Three Key Results (KR) ©2021 Davender Gupta. All rightrs reserved
  25. Express your OKR in the format For [target date] I will [Objective] As measured by [list of key results] ©2021 Davender Gupta. All rightrs reserved
  26. Actions Now, for each Key Result, list one Action that you will take in the next week towards that Key Result At the end of the week, check your progress towards your Key Result.  If you are moving the needle, continue the Action  If you are not moving the needle, consider changing your Action ©2021 Davender Gupta. All rightrs reserved
  27. Sanity Check • Your Objective triggers a significant and inspiring change • Your Objective « changes the game » • Your Objective adds meaningful value • Your KRs are measurable and describe the change, not your actions • Your KR can be measured by an outside observer • Your OKR is achievable with focused effort Make sure your OKR is: ©2021 Davender Gupta. All rightrs reserved
  28. OKR vs SMART SMART Single level Fixed Causal OKR Several levels Agile Effectual ©2021 Davender Gupta. All rightrs reserved
  29. Instead of controlling your future, choose it The future is unpredictable The possibilities are infinite The opportunities are everywhere Go beyond resilient - be antifragile Your decision strategy should enable you to benefit from uncertainty and unpredictability ©2021 Davender Gupta. All rightrs reserved
  30. https://felipecastro.com/en/ https://whatmatters.com ©2021 Davender Gupta. All rightrs reserved
  31. For more information Davender Gupta MS, MBA • Venture Catalyst – The Scaleup Project • Industrial Technology Advisor – National Research Council Canada (NRC-IRAP) • Lecturer in Entrepreneurship – University of Québec at Montréal (ESG UQAM) davender@davender.com davender.com linkedin.com/in/coachdavender 514-296-6288 ©2021 Davender Gupta. All rightrs reserved
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