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

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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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[@jerrywilson9523]

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

[@Pintatum05]

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

[@LaylaPomper]

Glad you enjoyed it!

[@TheKulinos]

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

[@LaylaPomper]

Welcome!

[@LaurentiuGhenciu]

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

[@adnanalam7200]

The best and easy to understand explanation. Remarkable 👍

[@LaylaPomper]

Glad it was helpful!

[@tomsolidPM]

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

[@LaylaPomper]

Thanks, Tom! 🤓

[@taylordmadeva3757]

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

[@LaylaPomper]

I'm so glad this was helpful!

[@philanishozi4639]

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.

[@awolesikehinde]

This was so much clearer! Thank you so much

[@LaylaPomper]

Glad it was helpful!

[@chieduagain]

Best explanation and good example

[@LaylaPomper]

Thank you! 😃

[@stephaniechrystal]

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]

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

[@LaTishaDStyles]

Thanks for explaining this!

[@LaylaPomper]

Hey LaTisha! I'm so glad this helped!

[@heymrcody]

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

[@LaylaPomper]

I'm so glad it was helpful!

[@JulieGordonWhite]

Excellent breakdown!

[@LaylaPomper]

Thank you so much!

[@sunkanmibero]

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

[@LaylaPomper]

Thank you so much!

[@zaloleksandr]

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

[@LaylaPomper]

Happy to help!

[@user-nn7qt4uq9o]

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]

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

[@user-nn7qt4uq9o]

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

[@andrea_galvez]

Thank you!!! ❤

[@LaylaPomper]

You're welcome!

[@goofballbiscuits3647]

Wonderful!
Subbed 😊

[@LaylaPomper]

Thanks for the sub!

[@grencez]

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

[@LaylaPomper]

😂

[@LaylaPomper]

Was I the only one who found KPI and OKR a bit confusing at first?
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[@halam.abusada1921]

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]

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

[@halam.abusada1921]

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

[@pavlenkoall]

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

[@LaylaPomper]

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. 😉