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Reviewing your OKRs? Read this first! | Issue #213

12 Revealing Questions to Discuss as a Team Every Time You Review OKRs

Do you use OKRs (Objectives and Key Results)? They’re a great way to focus effort within a business. When life is busy, it’s easy to get lost in ‘noisy work’ that ceases to take your business forward.  A tool that can help you drill down to the things that matter is beneficial.  OKRs provide this framework to keep you on track.   

There’s an art to writing a good OKR, which we’ve discussed in previous blogs.  But there’s also an art to their execution. Central to success are quarterly retrospectives where each OKR is RAG rated.  We help our clients through this process, looking at any objective that isn’t green.  The purpose isn’t to blame anyone.  Instead, we ask what we can learn from not getting to where we wanted. Then we take that learning into objective-setting for the next quarter. The OKRs become more meaningful.

As well as unsuccessful OKRs, we look at any that have been met.  Is there anything about how the OKR was achieved that wasn’t right?  Was it a lousy objective? Did someone sandbag something they knew was going to be achieved anyway? OKRs are always about change and not business as usual. Was this the case?  Perhaps the key results were too easy to achieve.

You’re aiming to create a culture of honesty and candour.  People will always have excuses. It starts young. Conversations with my eight and six-year-old daughters spring to mind. They’ll come up with twenty creative reasons why they haven’t cleared up the playroom!  Adults are no better.  Fibs, outright lies, deflecting blame, and unwillingness to take responsibility are all usual behaviours.   But you want to get to a place where there’s nowhere to hide. You’re striving to sort out any underlying issues that might be getting in the way. 

So what are the best questions to ask in your quarterly OKR retrospectives? 

Why the World is so Full of Rubbish Leaders with Dr. Tomas Chamorro-Premuzic

Did you know that the 80:20 principle also works in reverse? Whilst 80% of your output will come from 20% of your people, the same is true of your problems. Meaning 80% of the errors will be caused by 20% of your people. 

But, says Dr. Tomas Chamorro-Premuzic, Organisational Psychologist, currently Chief Innovation Officer at ManpowerGroup, companies spend way more time on development than they do on talent acquisition. 

So, what can you do about that? Well, don’t miss Tomas on this episode of The Melting Pot explaining how technology is revolutionising the recruitment role, why assessing candidates is a costly mistake, the difference between genders in terms of curiosity, why the world is so full of rubbish leaders, and how we can bring about change in leadership. 

This is a fascinating episode, truly insightful. Download to listen.

Goal Diggers: OKR, KPIs, strategy, and growth.

Goal Diggers is a podcast on strategy, goals, and growth. With the industry’s experts and greatest thought-leaders, we’ll cover topics on Objectives & Key Results (OKRs), Key Performance Indicators (KPIs), strategy and everything in-between.

Fostering a Culture of Belonging in the Hybrid Workplace

As the experience of culture has become more diffused, elusive, and subjective, how can senior leaders foster a greater sense of belonging among employees? This article covers three major challenges that must be addressed.

Level the Playing Field for Development With Fair Recognition

recent study of more than 7,600 U.S. employees conducted by Gallup in partnership with Workhuman identified that employee recognition is critical to employees’ perception that they have support and a clear path for development.

What Does Your Company Really Stand For?

The authors conducted dozens of studies designed to determine how a clear view of one’s values can affect decision-making, motivation, relationships, well-being, leadership, and performance. They discovered that when a company’s official values match those of its employees—a situation they call values alignment—the benefits include higher job satisfaction, less turnover, better teamwork, more-effective communication, bigger contributions to the organization, and more-productive negotiations, not to mention more diversity, equity, and inclusion

Why do so many incompetent men become leaders? by Tomas Chamorro-Premuzic

Look around your office. Turn on the TV. Incompetent leadership is everywhere, and there’s no denying that most of these leaders are men. In this timely and provocative book, Tomas Chamorro-Premuzic asks two powerful questions: Why is it so easy for incompetent men to become leaders? And why is it so hard for competent people–especially competent women–to advance? Marshaling decades of rigorous research, Chamorro-Premuzic points out that although men make up a majority of leaders, they underperform when compared with female leaders. In fact, most organizations equate leadership potential with a handful of destructive personality traits, like overconfidence and narcissism. In other words, these traits may help someone get selected for a leadership role, but they backfire once the person has the job.

Upcoming Events

Scale Up workshop with Dominic Monkhouse – 15th November

We’re inviting 6 ambitious business leaders to come down to the farm for the last Scale Up workshop of the year – a 5-hour session to get away from the noise, work ON the business and leave with the confidence you need to spin uncertainty into success.

Dominic will share his expertise and knowledge along with some great examples of how other successful businesses have made it to the top to inspire you in your own growth journey.

CEO Bootcamp with Verne Harnish & Dominic Monkhouse – 28th-31st March, 2023

3 days to work deeply “on” the business, and address questions that will break open your creative side – in addition to Verne’s one-on-one sessions – is the power of the event. The CEOs and their #2s who participated in last Vail CEO Boot Camp unanimously said that it was ‘the most impactful executive education they’ve experienced’.

Limited offer for 8 CEOs and their #2’s.
28th-31st March, 2023, Lucknam Park Hotel & Spa, near Bath (UK).

Quote of the week

“Ideas are precious, but they’re relatively easy. It’s execution that’s everything.”

John Doerr

Dominic Monkhouse

Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.

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