Evidence receipt / belief
Published · transcript-backedChristina Wodtke: belief
16 Mar 2023 Lenny's Podcast The ultimate guide to OKRs | Christina Wodtke (Stanford)
“Ugh, don't like to think about that. And last of all, the thing that I don't see a lot of people talking about that I think is really amazing, is because an OKR focuses you for one quarter and at the end of the quarter you grade your OKRs.”
Source trail
Everything needed to verify it.
- Speaker
- Christina Wodtke
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Mar 2023
- Publisher
- Lenny's Podcast
Transcript context
…So, I'll start with, you talked about the benefits of OKR. If you had to just boil down, here's what OKRs can do for you as a company, as an organization, what would that be? What's just the main benefit of OKRs at your company? The main benefit is that there's a lot of concrete action through a OKR that you don't always get from strategy. Strategy tends to be a little longer, a little more Muji Muji. And then when you get the OKR, you say, "This quarter is what we're actually going to be doing, and these are the numbers we're actually going to be pushing further." So, that's really good. It creates a cadence of progress, which is incredibly valuable. It creates alignment. There's no question what the single most important thing to do in the company is, assuming you're doing radical focus and you don't have 20 OKRs every quarter. Ugh, don't like to think about that. And last of all, the thing that I don't see a lot of people talking about that I think is really amazing, is because an OKR focuses you for one quarter and at the end of the quarter you grade your OKRs. How well did we do? What got in our way? It creates this learning cycle. So, then you can take that information and say, "Next quarter, what should we try next?" And I think the time is the thing that a lot of leaders really struggle to think about. But if you've been really focusing on say, retention for one quarter, two quarters, and then you go over and say, "Okay, let's work on acquisition." You don't forget all the things you learned about retention. No, you're just building knowledge and building knowledge and building knowledge, which means your company will constantly get smarter and more effective. I love this. So, just to summarize, the main benefits are focuses you, lines, creates a cadence and creates a learning cycle. And maybe a simple way to think about it is, it's like a plug-and-play product development process. You don't have to invent everything from scratch. There's this thing that exists. I know it's not the whole piece of it, but yeah, maybe... You're nodding and I'm curious, when I say that, what comes to mind?…
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