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Objectives and key results (OKR, alternatively OKRs) is a goal-setting framework used by individuals, teams, and organizations to define measurable goals and track their outcomes. The development of OKR is generally attributed to Andrew Grove who introduced the approach to Intel in the 1970s [ 1 ] and documented the framework in his 1983 book ...
High Output Management introduces Grove's"management by objective" approach, also known as the objectives and key results (OKR) framework. [ 1 ] It has been described as a "crash course for middle managers " and discuses the importance of measurable processes, performance reviews, and trainings.
KPI information boards. A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [2]
Companies that use Hoshin Kanri often follow a Think, Plan, Implement, and Review process, which is comparable to W. Edwards Deming's Plan Do Check Act cycle. [5] This is because Deming played a role in the spreading of quality control principles that influenced the development of Hoshin Kanri. [4]
Based initially on Drucker's management by objectives (MBO) model, a popular applied version of goal setting theory for business is the objectives and key results model (OKR). Originally developed at Intel by Andy Grove, [ 24 ] the tool was designed to set individual and collaborative goal team goals that are specific, concrete, challenging ...
The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn’t growing fast enough to bring relief to the world’s poorest, the ...
Image source: Getty Images. 1. Meta Platforms. You may associate Meta Platforms (NASDAQ: META) mainly with social media. The company owns Facebook, Messenger, Instagram, and WhatsApp -- which ...
S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.