What are benefits to OKRs?
The very act of instituting and utilizing a formal measurement and monitoring practice is beneficial, as evidenced by a recent study of 30,000 U.S. businesses conducted by the U.S. Census Bureau’s Center for Economic Studies. According to the authors, companies that had structured management practices focused on performance monitoring and targets had significantly better financial results than those that didn’t use such measures. So simply putting an OKRs program in place is upping your odds of fiscal success. The rewards to your bottom line will justifiably please you, the board, and your bean counters, but outlined next are a number of additional, also critical, benefits you can expect from a well-constructed OKRs implementation.