Why Setting the Right Goal is Crucial to Organizational Success?
The success of any organization largely depends upon the goals they set and how effectively teams work towards achieving them. While most organizations set goals, they often lack a sense of purpose to inspire teams. With this very intent – of setting meaningful goals and achieving them, we launched Profit.co, an Objectives and Key Results (OKR) tool to aid our growth and enhance our efficiency and productivity. What are OKRs and what does it entail? OKR is a popular goal-setting system that was introduced by Professor Andy Grove, the third CEO of Intel and known as the Father of OKR Approach to Management. This system empowers organizations to focus efforts on the same crucial issues throughout the organization. Simply put, under this goal-setting system objectives are essentially what you want to have accomplished and key results are how you could go about to get that done. There are three critical components to setting effective OKRs. The first step is to set goals correctly an...