In the book Measure What Matters, John Doerr shows you how to put monitoring mechanisms in place in your business and personal life that will help you keep track of your progress, stay accountable, and make accomplishing your objectives virtually automatic. Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs teaches companies and individuals how to use a different name for the same procedure. It's referred to as OKRs (objectives and key results). This revolutionary system is set to change the way you think about productivity.
You must employ objectives and key results to keep on track toward your aims (OKRs). You begin by determining your objectives, or long-term goals. Intel, for example, has a goal of becoming the greatest in their business. This section, as you can see, is a little hazier. You might think of it as a vision of where you want to be in the future. The key results, or KRs, are the second portion of an OKR. For example, one of Intel's KRs was to have one of its chips used ten times in other companies' products. This sums up the more concrete next actions in this section of OKRs perfectly. Another way to think about it is as a strategy for achieving your goals. The 12-Week Year uses a similar system. The writers use the terms lead indicators (what you track) and lag indicators (what you want to achieve). To put it another way, a goal is a lag indicator, whereas a crucial result is a lead indicator.
Keep track of your progress so you can get back on track if you get off track. To get the most out of this method, keep track of your progress on KRs on a regular basis. Then take a look at how they're helping you move closer to your goal on a regular basis. This way, you'll always know how you're performing while also having the flexibility to change your long-term goal if necessary. This allows you to assess your progress, identify barriers, and provide updates.
If you want to be successful, set large goals and push yourself outside your comfort zone. Stretching goals have been shown in studies to have a significant impact on you or your company. Employees who set lofty goals are more motivated, engaged, and productive, according to research. Shooting for the moon may sound daunting at first, but if your OKR system is working properly, you'll be able to achieve your goals!