The Mindvalley Podcast Vishen Lakhiani On How To Scale Your Business Using OKRs
Jul 23, 2019
Explore how leading companies like Intel and Google excel at execution with the innovative framework of OKRs, or objective key results. Discover what makes bold visions fail without solid execution and learn to transform your vision into actionable objectives. Vishen Lakhiani shares real-world examples and practical tips on setting measurable key results while emphasizing the importance of aligning team efforts. Uncover how effective communication and engagement drive success, and find out how to create your own impactful core purpose!
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Ambition Drives Systemic Change
- Aspirational objectives inspire long-term focus even if they take years and many failures.
- A single ambitious objective can drive technical, product and language changes across an entire company.
Mix Stretch And Committed OKRs
- Make 50% of OKRs aspirational (stretch) and 50% committed to balance innovation and delivery.
- Never tie OKRs directly to compensation; separate scoring from pay to keep failure safe.
Use Self-Scoring To Make Failure Safe
- Use self-scoring (0–1) and qualitative self-assessments to make failure honest and constructive.
- Reward character and learning, not just hitting numeric targets, to encourage bold goals.
