While KPIs are general metrics that can be set for a business, depending on the mission and short/long-term objectives. OKRs is a goal-setting framework for aggressive growth shared across the organization; this methodology, indeed, is quite popular among startups.
Key performance indicators (KPIs) are metrics that help determine if an organization is achieving key objectives. Those will be determined by the context of the business. Thus each company will have a set of key performance indicators as drivers for the business. Not only choosing the right KPIs is also critical for any business to be on track to achieve its short and long-term goals. Often, having a North Star is critical to keep the business on track to its mission.
OKRs is a corporate goal-setting framework and method created by Andy Grove, which was the CEO of Intel, and drove it to become the most valuable company by 1997.
OKR stands for “objectives and key results.” Where an organization can set ambitious yet achievable goals shared across teams for aggressive growth. This framework, indeed is used primarily by startups.
It was popularized by venture capitalist John Doerr, and it’s famously the goal-setting framework used at Google, since the early days.
Connected Leadership Concepts And Frameworks