OKR is a management methodology that was created by the former CEO of Intel, Andrew Grove, and its proposal is to divide a large objective into several smaller goals and therefore our company has decided to implement it.
▶ The acronym OKR (Objective Key Result) stands for Objective and Key Result.
▶ Objective: An objective is assigned not only to clarify what to look for, but also to keep everyone engaged on the same issue.
▶ Key Result: The key results are the plans and serve as a parameter to determine how close the company is to achieving a goal.
In other words, they are minor goals that directly aid in the achievement of the main goal.
The implementation of the OKR methodology began in 2019, with only 10 departments participating, currently 14 departments are participating in 2021.
Constant training on the OKR methodology is carried out for new staff to contribute to the achievement of company and department objectives.
OKR Project Monitoring
Weekly meetings are held with the heads of each department “Start Meeting” (the week’s work plan is presented) and “Close Meeting” (evidence of activities carried out and compliance with the quarterly objective).
A checklist of criteria to be met in the delivery of weekly reports is made and their participation is evaluated.
Weekly status monitoring on screens to know the level of compliance of the departments.
Results are presented at the end of the week which are constantly monitored.
Results are presented at the end of the week which are constantly monitored. One of the improvements that were made within OKR was a production line automation project that was presented by the Department of (MFI) Process Innovation.