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KPI vs. OKR: What's the difference for small business?

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  • Опубліковано 26 лип 2024
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    KPI and OKR are two acronyms that every leader should know. Small businesses use KPIs and OKRs to make informed decisions based on data, so it's no surprise these two concepts are essential for business growth. 📈
    In this video, you'll learn what these two acronyms mean, their key differences, and when each should be used.
    Here's what we'll cover:
    00:00 What is the difference between OKR and KPI?
    00:28 What is a KPI (Key Performance Indicator)?
    01:53 Not every metric is a KPI.
    02:34 Examples of KPIs
    03:06 What is an OKR (Objective & Key Result)?
    04:42 Examples of Key Results
    05:56 How can KPIs work with OKRs?
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КОМЕНТАРІ • 47

  • @Pintatum05
    @Pintatum05 3 місяці тому +2

    Best video on youtube to understant the difference beetween OKR and KPI, thanks !

  • @softspace-8686
    @softspace-8686 16 днів тому

    Very nice explanation! Thank you!

  • @jerrywilson9523
    @jerrywilson9523 Місяць тому

    Really good, straight to the point and clear. So we should use KPIs as "lead" indicators and OKRs as "lag" indicators.

  • @TheKulinos
    @TheKulinos 3 місяці тому

    Ive been searching for comprehensive explanation about kpi vs okr. Finally! I found it here😊 thanks

  • @philanishozi4639
    @philanishozi4639 5 місяців тому

    Very good explanation. More often KPIs (confusing) are set where instead an OKR needs to be set and as you explained, KPIs then fall within the set OKR.

  • @stephaniechrystal
    @stephaniechrystal Рік тому +4

    Loved this video and the timing, Layla! Especially with 2023 quickly approaching goal setting and business planning is definitely on my mind. Really enjoyed the explanation and helped clarify, however, would've loved an example of an objective with a key result and how a key performance indicator would support the OKR. For instance, using the biz example in the video, if the objective were to make $10K [O] by booking 10 clients [KR] then two examples of KPIs to track would be 1) how many inquiry forms are being completed and 2) how many of those inquiries are booking a sales call? Here's hoping I got that straight lol.

    • @LaylaPomper
      @LaylaPomper  Рік тому +1

      Hey Stephanie! Just getting caught up on comments🙈
      I've added this to our content ideas list so keep an eye out!

  • @adnanalam7200
    @adnanalam7200 4 місяці тому

    The best and easy to understand explanation. Remarkable 👍

  • @LaurentiuGhenciu
    @LaurentiuGhenciu 3 місяці тому

    I loved your explanations and the connections you did between the two concepts

  • @heymrcody
    @heymrcody Рік тому +1

    I like your simple process of "Define, Capture, Review" 🤜

  • @tomsolidPM
    @tomsolidPM Рік тому +1

    What a great explanation of a very complex topic, Layla! Well done! Keep it up! 🚀

  • @taylordmadeva3757
    @taylordmadeva3757 Рік тому

    Thank you for this breakdown! This helps me find the KPI within my business and creating a dashboard to check monthly.

  • @awolesikehinde
    @awolesikehinde 3 місяці тому

    This was so much clearer! Thank you so much

  • @nekslion
    @nekslion 19 днів тому

    This is magic explication 😊❤

  • @zaloleksandr
    @zaloleksandr Рік тому +1

    Thanks for the clarifying these terms, people still sometimes confuse them.

  • @LaTishaDStyles
    @LaTishaDStyles Рік тому

    Thanks for explaining this!

    • @LaylaPomper
      @LaylaPomper  Рік тому

      Hey LaTisha! I'm so glad this helped!

  • @user-nn7qt4uq9o
    @user-nn7qt4uq9o 6 місяців тому

    Wow! I viewd and referred a dozen of resources to understand the very meanings of these terms. But this presentation is like no other.

    • @LaylaPomper
      @LaylaPomper  6 місяців тому

      Oh no! I hope it's different in a good way! 😬

    • @user-nn7qt4uq9o
      @user-nn7qt4uq9o 6 місяців тому

      @@LaylaPomper "like no other " I mean in a very good way. It helps me to understand in a very good way than others.

  • @JulieGordonWhite
    @JulieGordonWhite Рік тому +1

    Excellent breakdown!

  • @chieduagain
    @chieduagain 10 місяців тому

    Best explanation and good example

  • @sunkanmibero
    @sunkanmibero Рік тому +1

    This was really good👍🏾 . You dida good job at explaining it. OKPs & KPIs are good tools to run your business. They are interrelated

  • @andrea_galvez
    @andrea_galvez Рік тому

    Thank you!!! ❤

  • @halam.abusada1921
    @halam.abusada1921 Рік тому +2

    That is a great explanation, could you please explain how we can create a clickup page and customize it to measure my OKRs, or which OKRs tools that you recommend

    • @LaylaPomper
      @LaylaPomper  Рік тому +1

      Here's the video we've done on OKRs (and goals in general!) inside of ClickUp: ua-cam.com/video/0PBUitCgM_c/v-deo.html
      It uses Lists instead of pages...but it works well! :)

    • @halam.abusada1921
      @halam.abusada1921 Рік тому

      @@LaylaPomper I really enjoyed it, where I can find more explanation about other views that you used in the OKRs list, especially progress view.

  • @goofballbiscuits3647
    @goofballbiscuits3647 10 місяців тому

    Wonderful!
    Subbed 😊

  • @grencez
    @grencez 2 місяці тому

    tfw approaching a turn but one if your KPIs is the speedometer

  • @LaylaPomper
    @LaylaPomper  Рік тому

    Was I the only one who found KPI and OKR a bit confusing at first?
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  • @pavlenkoall
    @pavlenkoall Рік тому

    To achieve the OKR, we need to do a lot of KPIs, right?

    • @LaylaPomper
      @LaylaPomper  Рік тому +4

      We'll need a lot of KRs to reach the Objective and we'll want some KPIs to measure how faster we're moving towards it. 😉