Bets and Objectives

Objectives are a way for teams and organizations to realize the Strategy.

Bets and Objectives: Safe BetSmall-Risk BetMedium-Risk BetLarge-Risk BetCrazy 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)