What does the acronym OKR stand for?

The acronym OKR stands for "Objectives and Key Results." This framework is widely used in organizations to set and measure goals. The "Objectives" refer to the specific, clearly defined goals that an organization aims to achieve. They should be inspirational and time-bound, providing a direction for teams to strive towards. The "Key Results" are the measurable outcomes that indicate how the objectives will be achieved. They typically consist of quantitative metrics that allow tracking progress and assessing success.

Using OKRs helps organization align efforts across different teams and departments, fostering collaboration and transparency about priorities and performance. This method has been especially popularized by tech companies, but it has been adopted by various organizations globally due to its effectiveness in driving results and maintaining focus on what matters most.