The retrospective, also known as the lookback and learn, is an important component of the OKR framework. It allows teams to reflect on their progress and identify areas of improvement. During the retrospective, team members can discuss what went well, what didn’t go as planned, and what lessons can be learned for future goal-setting cycles. It is a valuable opportunity to analyze the effectiveness of the OKRs and make adjustments for better strategy execution. Similarly, the review, also referred to as “reset”, is another crucial step in the OKR process. It involves evaluating the achieved results and determining the next set of objectives and key results. This is the time to reassess business goals, align them with the overall strategy, and set new targets for the upcoming period.
The review allows executives to ensure that their teams stay focused on the most important priorities and continuously improve their business performance management. By incorporating retrospectives and reviews into the OKR methodology, companies can foster a culture of continuous learning and improvement. It helps teams stay aligned with their goals, measure what matters, and achieve better business outcomes. If you are looking to implement OKRs in your organization, consider working with an OKR coach or consultant who can guide you through the goal-setting process and ensure its successful execution.
