Strategy Development – musings of a consultant

Organizational goals and objectives are often divided by a thin line of what they want to achieve and what they can actually accomplish given their resources. Apart from effective communication and micromanagement techniques, companies have to set goals to motivate their workforce and other stakeholders to work towards that common objective. Companies struggle to develop a measurable, consistent, and predictable business model, which impacts their decision-making in one way or another. This is where OKRs, an acronym that stands for Objectives and Key Results, come in handy to help managers enhance their teams’ performance and productivity.

We see this becoming more and more apparent post-covid 19 outbreak (20′, 21′) and the transition from workplace management to remote management and an increased necessity in employee trust, transparency and measuring KPIs that matter.

OKRs is increasingly becoming a powerful strategic management tool for businesses. Several reputable international companies have adopted it, including Google, Intel, BMW, Oracle, Twitter, Disney, Facebook, and Dropbox (Post 2019, par 51). Although OKRs are not the sole reason for these organizations’ success, they have been of significant value and helped to redefine organizational management. Thus these companies continue to implement OKRs up to today despite having thousands of workers. OKRs have several benefits as they help provide a clear direction, effective communication strategy, accountability, and strategic alignment and enable managers to track their objectives and outcomes. This paper will examine how Objectives and Key Results support strategic management, thereby improving an organization’s effectiveness and performance.

Information security aspects when moving operations from on-premise

So if you are reading this I will make some basic assumptions that you know about Microsoft Azure, Amazon Web Services and perhaps even Alibaba Cloud, these are renowned hyperscale cloud vendors. Last few years cloud computing have been among the IT industries hottest topics. The term refers to on-demand access to computing resources provisioned by another provider. 2019 has been dubbed the year of migrations by several vendors and a pronounced advantage of cloud computing is that they tend to be highly available and easily scalable. For fast-growing business, cloud-computing has revolutionized the way they can work. Organizations typically lease cloud-based resources from outside the organization. Of course, it is also possible (but not as common) to host cloud-based services internally.

While cloud computing can be very cost-efficient and offer fast scaling, it’s challenged by the fact that resources will most likely be hosted outside of the business’ data centre and therefore, outside of the direct control of that business, increasing the complexity to manage risk and handle governance.

musings of a consultant

Tag: Strategy Development

OKRs Role in Strategic Management