KPIs vs. OKRs: What's the difference between KPIs and Key Results?

What's the difference between a KPI and an OKR? And specifically, what's the difference between a KPI and a Key Result? Here's a simple answer, with examples, to help make this concept easy to understand.

You’ll find out what defines KPIs, KRs, stretch goals, and commits, what they mean, how they impact businesses, and how they overlap. We discuss the problems caused by confusing these terms, which can lead to damaged trust, safety, and a reduction in employee engagement. We even use Sara’s personal health and well-being KPIs and KRs as an example to help you understand the differences! So, to hear all about KPIs and KRs and to be reminded of the importance of using clear language, tune in today!

Key Points From This Episode:

• What a Key Performance Indicator (KPI) is and what it means. 
• What Key Results (KR) are and what job we hire them to do. 
• When might a KPI become a KR?
• An example of the differences between KPIs and KRs, using health and well-being measures as an analogy.
• What’s different about when we miss our goals on commits vs. Key Results (and why – in our definition – a KPI is never “missed,” but may be headed in the wrong direction)
• Some organizational issues that can arise when language is not used clearly.
•   What “Commits” are and why there should be few of them in our aligned goal models.
• Some things you should ask yourself as we approach our mid-year reset.

For more information on any of the above, find me at http://redcurrantco.com or email hello@redcurrantco.com. 

Show notes and transcript are available at http://thinkydoers.com .

Mentioned in this episode:

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