Change, disruption, and the need to constantly reconfigure business models and strategies are now business as usual.
To survive and thrive in this new chaotic world order organizations need an execution-ready strategy and to build a capacity for change. To climb this mountain, employee engagement and retaining top talent need to be interwoven into the overall strategy of the organization. The most effective weapon in engaging with employees is giving people a purpose that goes beyond a paycheque.
There is a significant body of research that indicates up to 85% of employees are disengaged and the high cost of low morale is in the billions. “The Great Resignation” is real. Real engagement is not about beanbags, beer, benefits, or bonuses. It is about enabling and igniting people’s passion into their everyday work while also connecting this work to the larger purpose and strategy of the organization.
Although they have been around for over 20 years “Objectives and Key Results” or OKRs, as they are more commonly known, have been gaining traction in the corporate world, to meet this challenge as organizations shift from a focus on output towards a future that will be focused on outcomes.
So what can OKRs do for you?
Project Management advisor and lecturer, John McGrath shares insight into how OKRs can be used to power your strategy realization initiatives. During this session, which lasts for 60 minutes, John explores:
- The Anatomy of OKRs
- How to distill the mission, vision, and values to a single organization objective and cascade this throughout the organization.
- How to harness the power of OKRs to transform from PMO to SRO (Strategy Realization Office)
- Lessons learned and best-practice for OKR implementation
