Bets and Objectives
Objectives are a way for teams and organizations to realize the Strategy.
Bets and Objectives: Safe Bet • Small-Risk Bet • Medium-Risk Bet • Large-Risk Bet • Crazy Bet
Purpose
Objectives are a way for teams and organizations to realize the Strategy. By setting objectives (and executing them), we hope to realize a Vision/Mission, and we use a Strategy to increase our chances of being successful.
Notes
Unlike OKRs, we recognize more than two types of objectives. We call them “bets” with a range from Safe Bets to Crazy Bets.
Rules / Constraints
We have not (yet) defined rules or constraints.
“Management by objective works—if you know the objectives. Ninety percent of the time, you don't.”
(Source: Peter Drucker)
“Eliminate numerical quotas, including Management by Objectives.”
(Source: W. Edwards Deming)
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