Happy Thursday, Educational Leaders!
Welcome to the fifth edition of our Educentric newsletter. In our last issue, we explored the importance of prioritizing Objectives to streamline efforts and maximize impact. Now that you know how to set and prioritize Objectives, let's delve into how Key Results can ensure we achieve those objectives effectively.
You have crafted the Objectives for your school and learned what to prioritize first. Looking at that list of Objectives, you might be thinking, “This is all great, but how do I know if I have accomplished the objective I set forth?”
That is the perfect question to ask. Key Results are all about answering that fundamental question.
What are Objectives and Key Results (OKRs)?
Educentric’s model for developing objectives was inspired by the work of John Doerr, a legendary venture capitalist and author of Measure What Matters. Doerr introduced the idea of OKRs, Objectives and Key Results as an approach to goal-setting.
Doerr breaks goals into two pieces: Objectives and Key Results. Objectives are the “what.” They describe the path forward or the place you want to be. They are crisp, one-line statements that are meaningful, action-oriented, and, ideally, inspirational. Key Results are the “measures of success”. They are specific, time-bound, and measurable.
Key Results are the metrics and benchmarks that demonstrate how you will achieve your Objective. They are distinct, quantifiable outcomes that signify the successful attainment of an Objective. These results are typically measurable and should have a defined target or milestone.
Every Objective comes with its own set of Key Result. An Objective should exist without a Key Result, and Key Results cannot exist without an Objective. This interdependence is what makes this goal-setting system unique. The essential goals are inherently connected to their specific metrics.
Keep in mind that good Key Results share a few fundamental qualities:
They are specific and have a clear timeline.
They are challenging but attainable.
They are measurable and verifiable.
Five Benefits of Using OKRs
Focus: They bring to the surface the handful of initiatives that can make a real, immediate difference while deferring less urgent ones.
Alignment: They connect your everyday work to your Value Proposition.
Commitments Your team determines your OKRs and adjusts schedules and resources to ensure your Objectives are accomplished. OKR progress is transparent using any means available, even announcing publicly whether you have achieved the Objective or not.
Tracking: Every OKR is tracked via the metrics established when they were written. OKRs don’t require daily tracking, but regular check-ups—preferably weekly. These are called “Key Progress Indicators” and will be discussed in the next newsletter edition.
Stretching John Doerr says, “Larry Page of Google is the high priest of 10x-ing everything, stretching further. He’ll say, ‘I’d rather have the objective be to go to Mars, and if we fall short, we’ll get to the moon. This is how you make moonshots.” You want to make your OKR big, bold, and audacious.
Connecting Key Results to Prioritized Objectives
In our previous newsletter, we discussed the importance of prioritizing objectives by assessing impact and urgency, aligning with long-term goals, considering resource availability, and reviewing regularly. Now, let’s see how key results fit into this framework:
Impact and Urgency: Key results should directly contribute to the objectives that have the highest impact and urgency. This ensures that efforts are focused on what matters most.
Alignment with Long-Term Goals: Each key result should move you closer to your overarching vision, ensuring consistency and coherence in your efforts.
Resource Allocation: By defining key results, you can better allocate resources where they are needed most, maximizing efficiency and effectiveness.
Regular Review: Just as you review your objectives, regularly assess your key results to ensure they remain relevant and impactful. This helps in staying on track and making necessary adjustments.
Conclusion
Setting and prioritizing objectives is just the beginning. By tying key results to your objectives, you create a robust framework for measuring success and driving progress. Remember, the journey towards achieving your goals is a dynamic process that requires clarity, alignment, and adaptability.
For more information on how Educentric can support your school in implementing effective OKRs, please contact us below. We are here to help you achieve breakthrough performance and make a significant impact.
Copyright © 2024 Educentric, Inc. All rights reserved.
Our mailing address is:
3200 N Ocean Blvd Unit 408
Fort Lauderdale, FL 33308
Commenti