What should performance management do to be effective?

Common performance management methods include BSC (Balanced Scorecard), MBO (Management by Objectives), KPI (Key Performance Indicators) and OKR (Target and Key Results Method).

First of all, enterprises need to choose appropriate performance management methods. At present, more and more enterprises choose OKR for performance management, so what is OKR?

What is 1.OKROKR? It is a systematic target management method, which is called objective key result in English. The purpose is to make enterprises and individuals focus on their goals, concentrate on solving priorities, make rational use of limited resources, and finally realize the rapid growth of enterprises and individuals.

Among them, O refers to the goal, the goal you want to achieve. This goal needs to be ambitious and directional, guiding you in the right direction.

KR refers to the key result. What means do you want to achieve your goal? If you want to achieve your goal, you need some measurable key results to support it.

Second, what enterprise is suitable for using OKR? 1. Creative enterprise. Enterprises that need employees to continuously export ideas, such as the Internet, advertising, new media, etc. OKR pursues more challenging goals, which can stimulate employees' innovative ability and break through the boundaries of their own abilities.

2. Start-ups or enterprises in transition. For this kind of enterprises, it is most important to understand the market trend, explore the enterprise development strategy and maintain the stability of employees. OKR emphasizes that the goal should be open and transparent, consistent from top to bottom, which can not only ensure that everyone is moving towards the same goal, but also let employees know the company's development strategy and not feel insecure and want to leave. At the same time, OKR can flexibly set the cycle. For startups, they can constantly try new strategies and find the direction that suits them.

3. Enterprises with complex organizational structure. The most urgent problem for such enterprises is communication cost. OKR will make the target public, so that all enterprises can check each other's goals, and even realize communication and interaction, improve work efficiency and kill two birds with one stone.

Third, how to effectively implement OKR? 1. Before implementation, we need to have a correct understanding of OKR.

Before the enterprise formally implements OKR, senior leaders need to be very clear about the value of OKR and recognize it. OKR is the change of enterprise management, not the change of assessment method. Some enterprises use OKR as KPI because they don't know OKR well enough.

Don't deify OKR, thinking that OKR can solve all the troubles. The implementation of OKR requires enterprises to change their thinking and get rid of the deep-rooted influence of KPI, which will never succeed in a short time. Therefore, enterprises need to build confidence, improve their tolerance for time cost, accept failure and keep trying to succeed.

2. Make OKR correctly

To make an effective OKR, we need to pay attention to the following points:

The number of O should not exceed 5, and the number of KR should not exceed 4, so the priority is good;

The formulation of o needs to be challenging, and it is best to stand on tiptoe to complete it;

The formulation of KR needs to follow the smart principle, that is, concrete, measurable, achievable, relevant and within the time limit;

After O and KR are worked out, don't forget to split KR into specific tasks to support the achievement of the goal;

After the goal is set, it needs to be aligned to ensure that the whole enterprise cooperates with each other and has the same direction.

3. Insist on resuming the meeting

At the end of each cycle, a special resumption meeting should be organized to review the completion of objectives, celebrate achievements, sum up experience, and form meeting minutes after the meeting.

4. Choose a professional team to run with.

Whether it is employee training and mobilization before use, goal setting and follow-up during use, or recovery after cycle completion, the whole process needs the guidance of professional teams. Finding problems and correcting them in time is a key step for the successful implementation of OKR.

While providing OKR software services, enterprise Yili also provides 3-6 months landing escort service for enterprises to help enterprises successfully implement OKR and empower enterprises to grow!

Singular force OKR