Becoming More Productive Through OKR Implementation

December 4, 2019 2 min read

Innovecs is working on effective strategic planning and goal setting that is important both for our clients and employees.

Professional management is one of our values. That’s why we invest in consistent innovation in our work and management processes.

As the CEO of Innovecs, it’s our mission to set the golden standard for Professional Management within the software development industry.
Alex Lutskiy,
Founder and CEO of Innovecs

OKR approach works for giants such as Google. It’s both a method and philosophy which is generally attributed to Andy Grove the “Father of OKRs”, who introduced the approach to Intel during his tenure there and documented this in his book High Output Management.

Grove’s simple yet effective concept is explained by John Doerr: “The aim should make your heart flutter. The key result has to be measurable. But in the end, you can look, and without any arguments: Did I do that or did I not do it? Yes? No? Simple. No judgments in it. What can be improved”.

During the last strategic session, we’ve worked on the implementation of this principle in Innovecs with the certified trainer Konstantin Koptelov. To make it effective, we’ve created a multi-level process where C-level management and all departments are involved, and targets are synchronized.

okr session

Key Points of the OKR Planning Approach

OKR or Objectives and Key Results is an instrument of synchronization and motivation in a team. It is used to set goals and achieve results. This instrument unites the tasks of the entire company, a separate team, and individuals, and describes expected measurable results.

Here are the key peculiarities of the OKR approach:

  • You and your team independently set goals for each quarter based on the general goal set on the company level.
  • When setting goals, you choose a goal that is interesting for you and that can lead to achieving necessary results most effectively. You create the metrics based on which your team will be able to measure the progress.
  • Achieving the goal is not connected to the bonuses. It means you do not have to minimize your goals to get some payment encouragement. Alternatively, the goal has to be difficult to achieve. However, it will be significant for the company.
  • Your OKRs have to inspire the team. You arrange meetups to discuss all goals. If you feel that your tasks are boring for you or that they do not suit your personality, discuss it with the team and share the changes you want to implement.
  • The final word is to be simple. Do not complicate your OKRs. Make them clear and easily understandable to all team members.

okr session at innovecs

An important thing is a constant synchronization. The OKRs of all departments have to be accessible to every member of any team. Everyone regularly tracks his key metric and provides this data to the rest of the team.

OKR implementation should be a great experience for both Innovecs’ teams and, we believe, the clients in the upcoming 2020.

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April 3, 2020
Message from CEO Alex Lutskiy on COVID-19
To all Innovecs employees, clients, and partners As the COVID-19 outbreak continues to develop and affect people globally, I want to personally update you on the steps Innovecs is taking to maintain our business operations and ensure the health and safety of our staff. We remain committed to ensuring the superior service our clients have come to expect from us. We monitor the situation closely and remain watchful to the recommendations of government and public health authorities. Our R&D teams, as well as all other employees, continue to work remotely, and we are ready to adjust the measures in response to changing quarantine circumstances. We have established a special COVID-19 team within senior management to respond to the ever-changing impact of the coronavirus and to protect employees’ health and safety. We have also set up regular online meetings to keep up to date and plan activities so that we could advise our customers and coordinate our teams accordingly. And we continue to provide our internal and external audiences with the relevant webinars and online events with regard to the new world order. To combat the spread of the disease in Ukraine, Innovecs has created the “Innovecs COVID-19 Fund” in the amount of 1,500,000 (one million and a half) hryvnias. The fund is directed to support the initiatives that fight coronavirus, as well as to ensure the safety of the company’s employees and their families. As part of this initiative, Innovecs purchases and installs an oxygen pipeline system at one of the Kyiv hospitals. This is a challenging period for everyone, and the situation is changing rapidly, but Innovecs is responding to it with unity, as a company, and as a team. I believe that when we stand together through moments that bring uncertainty and seem dark, we come out even stronger in the end.  Thank you for your patience and attention throughout this stressful time. As an employer and a partner, Innovecs is confident in our business continuity plan and our ability to provide support to our clients and staff. It is my sincere hope that our efforts and those of businesses, communities, and governments will empower the containment of the coronavirus and enable a speedy recovery for people around the world. In the meantime, let’s stay safe and help others keep safe too.   Sincerely, Alex Lutskiy Innovecs CEO & Founder