OKRs (Objectives and Key Results) and continuous feedback form a powerful duo for business success. OKRs provide a clear, measurable way to align all employees around shared objectives. They help employees understand how their work contributes to the company’s overall success. OKRs also encourage transparency, as they are shared across the entire organisation.
Continuous feedback, on the other hand, enhances the effectiveness of OKRs. It provides employees with real-time insights into their performance, helping them adjust their efforts as needed. Continuous feedback also fosters a culture of open communication, where employees feel comfortable discussing their challenges and successes.
When combined, OKRs and continuous feedback can significantly boost business performance. They create a loop of setting goals, receiving feedback, and making adjustments that drive continuous improvement. Furthermore, they promote a culture of accountability and transparency, which can lead to greater employee engagement and satisfaction.
However, for this powerful combination to work, organisations must fully commit to both OKRs and continuous feedback. They must provide the necessary resources and training to ensure their successful implementation.
In short, OKRs and continuous feedback can be a game-changer for businesses seeking to improve performance, foster a positive culture, and drive continuous improvement.
Go to source article: https://blog.betterworks.com/heres-happens-okrs-continuous-feedback-power-business/