How are Object Key Results (OKRs) different from KPIs?

Object Key Results (OKRs) and Key Performance Indicators (KPIs) are both performance measurement frameworks used by organizations to track progress towards their goals. However, they have distinct differences. OKRs are designed to encourage ambitious and aspirational goals, providing organizations with a clear direction and focus. They consist of a set of objectives that specify the desired outcomes and a few measurable key results that define success. On the other hand, KPIs primarily focus on monitoring and evaluating more specific and quantifiable performance metrics that directly impact the organization's success. KPIs tend to be more operational and track ongoing activities or processes. While both frameworks are valuable for performance management, OKRs are more about capturing strategic goals and driving innovation, while KPIs are primarily concerned with operational efficiency and effectiveness.

This mind map was published on 27 November 2023 and has been viewed 90 times.