What is an OKR vs KPI? What are some of the benefits and drawbacks of each? How do you decide which is best for your organization?
An OKR, or Objectives and Key Results, is a performance management system that defines and measures progress towards specific objectives.
A KPI, or Key Performance Indicator, is a metric used to track and measure progress towards a specific goal.
Some benefits of OKRs include the ability to measure progress towards specific objectives, and the ability to track and compare progress over time. Some drawbacks of OKRs include the potential for gaming the system, and the potential for objectives to become too narrowly focused.
Some benefits of KPIs include the ability to track progress towards specific goals, and the ability to compare progress across different organizations. Some drawbacks of KPIs include the potential for goals to become too narrowly focused, and the potential for data to be misinterpreted.