Executive Summary: webinar on fostering high performance culture by launching successful OKR strategy

The Speaker:
Jacky Levy
Business coach, Leadership and Organizational culture specialist, Trainer and Speaker

The Moderator:
Ritu Srivastava
Program manager (Operations) at uExcelerate Certified corporate soft skill trainer

Overview
Today’s business environment is constantly changing and requires agility, innovation, and collaboration. OKR enables teams to adapt to changing priorities, communicate effectively, and focus on the most impactful outcomes. To get the most out of the performance culture, OKR strategies need to be aligned with the company’s vision and mission. Jack Levy gave detailed talk on how one should develop OKR strategies to achieve a High performance Organization.

Context
OKR stands for Objectives and Key Results. It is a goal-setting framework that helps organizations align their vision, strategy, and execution. This webinar was all about how you can create a successful OKR strategy to develop a high performance culture.

Webinar summary

When it is obvious that the goals cannot be reached, don’t adjust the goals, adjust the action steps. – Confucius

High Performance Organization and its key feature:
A high performance organization is a type of organization that achieves superior results in terms of financial performance, customer satisfaction, employee engagement and social responsibility. They have a clear vision and strategy, a culture of excellence and innovation, a strong leadership and management team, a high level of employee involvement and empowerment, and a continuous improvement and learning mindset. 

Such Organizations strive to create value for all its stakeholders and to adapt to changing environmental conditions.

High Performance Organizations have one key feature which they are known for, their capabilities towards their stakeholders, employees and society.

How to develop these capabilities in a new environment?
The world is changing at a fast pace and to succeed in a constantly changing competitive world one needs to develop capabilities according to the requirements. Jacky’s methodology is SIMPLE. The following acronym expands to this:

Setting expectation

Invite commitment

Measure Progress

Provide Feedback

Link to consequences

Evaluate Effectiveness

Here’s how SIMPLE methodology can  facilitate to High performance organization:

• Clear and structured goals
• Establishing psychological safety
• Doing meaningful work
• Deliver High quality work
• Creating impact

OKR and Performance for HPO organization:
When it comes to managing goals and people, two methods that work well together are OKR and performance appraisal. While OKR helps define what needs to be achieved and how progress will be measured, performance appraisal assesses employee performance and helps improve skills and motivation. Combining these two methods can lead to a high-performance organization that consistently achieves its goals.

The key factor in developing or implementing work in order to build a culture is Continuous Performance Management .

OKR planning: a framework
To successfully implement an OKR strategy in your organization, consider the following planning steps:

1. Establish Quarterly Objectives: Organize your goals and improve team coordination with OKRs.
2. Implement Weekly Planning: Track weekly activities to increase visibility and improve team interconnectivity.
3. Schedule 1:1s: Support and guide your team with personalized discussions.
4. Offer Feedback and Recognition: Celebrate progress towards goals and boost morale with peer recognition.

Where to begin:
Here are the six steps to start with OKR strategy:

1. Define your Massive Transformative Purpose and share it with your team to create a shared vision.
2. Align your strategy with the company’s values to ensure everyone is working towards the same goals.
3. Hire employees who are aligned with your organization’s structure and culture to support the OKR implementation.
4. Start with a pilot project to test the effectiveness of the OKR strategy before rolling it out across the organization.
5. Digitize and track progress of your OKR strategies to ensure transparency and monitor progress.
6. Create additional employee experience attributes to motivate and engage your team in the OKR process.

 Benefits of OKR strategy:
Here are six benefits that an organization can experience through implementing an OKR strategy:

1. Engaged employees: OKR keeps everyone involved and invested in the organization’s success.
2. Actionable strategy: OKR helps turn strategy into action by breaking down goals into measurable objectives.
3. Learning opportunities: OKR encourages experimentation and learning from both successes and failures, leading to continuous improvement.
4. Increased transparency: OKR creates transparency and overview, making it easier to understand how different teams and individuals contribute to the organization’s goals.
5. Alignment of efforts: OKR is ideal for aligning all efforts towards the same objectives, leading to better coordination and collaboration.
6. Stronger teams: OKR promotes teamwork and a shared sense of purpose, resulting in more effective and productive teams.

uExcelerate – a Digital Leadership Coaching Platform

uExcelerate is a SaaS platform that enables organizations to scale and build a sustainable coaching culture that fosters leadership development for the whole self and whole system. Our product offerings include:

Appraise: A coaching culture maturity model that measures coaching program maturity in the workplace.

Symphony: coaching platform. Symphony is the SaaS platform that helps companies to effectively manage their coaching program including impact analysis. Symphony also provides a digital platform to measure your OKR strategies effectively by providing analyzed data to track your progress.

Discover: Award winning AI tool to find your right-fit coach.

Pace: Coaching Programs to systemize coaching programs through pre-built frameworks.

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