We love this clip because it explains the difference between both and where or when you'd need each. If you're not sure of what KPIs or long-term health metrics to check especially as a customer success leader, we've put together a list in this article that'll help 😉 : https://lnkd.in/eWRJgUn7
Co-founder and CEO of Stellafai - The Operating System for Customer Success Teams Where Outcomes Matter | Keynote Speaker | Author of DevOps Culture and Practice.
I often get asked about the difference between KPIs and OKRs. In this video clip, I explain with an example. Imagine you’re in Virginia and planning a road trip to New York. You hop in your car and start driving. Along the way, you rely on two essential tools: 1️⃣ The dashboard: It shows your speedometer, fuel gauge, temperature gauge - all the metrics about the health of your car. These are like KPIs (Key Performance Indicators): they tell you how well your car is functioning, but they don’t necessarily guide you toward your destination. 2️⃣ The GPS: This is your real-time navigator. You input your destination (New York), and it continuously updates to guide you closer to your goal. If you miss a turn (happens to the best of us), it recalculates and redirects you. This is like an OKR (Objective and Key Result): it gives you directional clarity, ensuring you’re moving closer to where you want to go. 🎯 The key takeaway? You need both! - KPIs are your long-term health metrics, ensuring everything is performing as it should. - OKRs are your short-term directional tools, helping you chart a course toward new goals and adjust when things don’t go as planned. The synergy of both ensures you’re not only maintaining the status quo but also growing and moving forward effectively. #KPIs #OKRs #GoalSetting #PerformanceManagement #Leadership