Have you ever heard of "OKRs"? At thyssenkrupp, you might have, because we've been working with this method for quite some time.
So here's what it's all about: when teams understand how their work contributes to the overarching goals, why certain tasks are prioritized and why the goals are important, they are more motivated and drive themselves to perform even better.
The Objective and Key Results (OKR) model is an effective way to formulate the goals of a company or organization. The key benefits of OKRs are:
Effective employee engagement
Transparency and open communication
Monitoring and accelerating performance
Alignment of goals
Mobility: Shorter target cycles allow for faster adjustments and better adaptation to change, increasing innovation and reducing risk and waste.
Alignment and cross-functional collaboration: Using shared OKRs improves collaboration between different teams, resolves interdependencies and unifies competing initiatives.
If you want to learn more about OKRs, watch this short video and join the free of charge Impulse session "What the hell are OKRs"!