10/08/2024
Why you need both OKRs and KPIs in your business?
OKRs stands for Objectives and Key Results. They are a goal management framework that consists of two components:
1️⃣ Objectives: Qualitative, inspiring goals that describe what you want to achieve.
2️⃣ Key Results: Measurable outcomes that indicate whether you’ve achieved your objective.
KPIs stands for Key Performance Indicators. They measure the performance of your business. Now, let’s compare these two concepts:
- KPIs are about the past and the present.
- OKRs are about the future.
KPIs track ongoing performance: They give you a clear picture of how things are currently going or have gone in the past in your business.
OKRs focus on change and growth: They setting ambitious goals that push your organization to improve and innovate.
So, it can’t just be one or the other. To achieve success in your business, you need both! Together, they're a powerful combo that keeps your team focused and motivated to achieve big goals.
So, stop thinking OKRs vs. KPIs: It’s time to think OKRs AND KPIs!