Recently I was asked to help an organization define a scaleable business model. As part of this process, we looked at the Mission, Vision, and Values.
An often overlooked part of strategic planning is checking to see if the organization is still aligned to achieving its Mission & Vision through its Values. Whether it’s market shifts, new leadership, or new generations that now comprise the bulk of your workforce, the company’s values play a key role in defining performance metrics. Here is a three-step process to align your company’s mission to OKR’s
1. MVV Review
Review the Mission, Vision & Values yearly during you annual planning cycle.
Solicit input from each department head to ensure everyone is on the same page. Question if your company values still speak to the behaviours you want to encourage, reward and believe in.
2. Strategic Priorities Development
Take action based on the divergent and non divergent views stated above. Revist and rewrite as necessary.
Typically your Mission & Vision are long term views of your company’s market position. Values can be updated doing a bit of research to align senior leadership’s vision of the future, to how employees, customers and partners experience and engage with the company.
3. OKR Alignment
Align to strategic priorities, quarterly Objective & Key Results (OKR) and individual tasks.
Once values are updated, create yearly strategic priorities to introduce or execute against the new values. Set OKR’s by department & team, and, tasks at the individual level to align performance metrics to new codes of behaviour.
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