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The OKR Podcast
Driving Strategy Execution with OKRs at CarMax
Jun 2, 2023
This podcast explores how CarMax leverages OKRs to bring corporate and product strategies to life. It highlights the importance of cross-functional teams, connecting strategy with operational excellence, evolving and organizing digital product teams, managing dependencies, and achieving buy-in from product directors and managers. It also discusses the impact of using Workboard for OKR implementation.
52:49
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Quick takeaways
- Lateral alignment and an outcome mindset empower teams to achieve objectives and bridge the gap between product and technology resources.
- CarMax's comprehensive management model, incorporating OKRs, emphasizes cross-functional collaboration, dependency management, and regular communication for success.
Deep dives
The Power of Lateral Alignment and Outcome Mindset
Summer's Hutchings, the director of product portfolio and delivery management at CarMax, discusses the importance of lateral alignment and an outcome mindset in empowering teams to do their best work. She highlights the need to bridge the gap between product resources and technology resources to drive teams forward against their objectives. By operationalizing the strategy and focusing on operational excellence, CarMax drives the manifestation of corporate strategy through its product organization.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode